JPMorgan downgraded Bluescope Steel to Neutral from Overweight with a A$23 price target. Following a positive share price move, Bluescope looks to have already partly priced in a steel market recovery and the firm downgrades to Neutral ahead of its results due August 19, stating that it will look again for “a cheaper entry point to get more constructive.”
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLSFY: