Morgan Stanley upgraded Bluescope Steel (BLSFY) to Equal Weight from Underweight with a price target of A$22, up from A$18.50. A “meaningful reduction” to first half of 2025 guidance was “disappointing,” but the firm thinks this will likely represent a trough in earnings, the analyst tells investors.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.