BofA downgraded Ternium (TX) to Underperform from Neutral with a price target of $25, down from $35, as the firm sees U.S. hot rolled coil steel prices declining in the second half of 2025 and does not see flat steel benefitting as much as long steel from infrastructure stimulus.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TX: