JPMorgan Raises Gerdau Price Target to $6.50
Gerdau, a Brazilian-based steel producer, has seen its price target increase by JPMorgan Chase & Co. to $6.50 from $6.00. The change is part of an ongoing series of updates from various analysts.
This latest revision was made in a research report issued to clients and investors on Friday, according to Benzinga reports.
JPMorgan's new price target suggests a potential upside of 31.05% from Gerdau's current price.