Morgan Stanley upgraded Loma Negra (LOMA) to Overweight from Equal Weight with a price target of $15, up from $13. The firm says a more supportive macro backdrop and solid pricing traction should allow Loma to “lead in a rising market and pave the way for stronger fundamentals.” It sees an upward bias for the shares, noting the stock’s valuation metrics show Loma trading at a discount to historical levels.
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