2346 GMT - Sims's earnings are likely to remain weighed down by challenging scrap-metal markets globally, even though margins have improved recently, contends Jefferies. Analyst Ramoun Lazar also says Sims's strategy to turn around its North America business is still unclear at a time when the U.S. market has become more competitive. Sims is due to report 1H earnings next month, and Jefferies thinks that's an opportunity for management to update the medium-term strategy. "However, with shares factoring in significant earnings improvement we see downside from current levels," says Jefferies, retaining an underperform call on the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 29, 2025 18:46 ET (23:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。