BUZZ-Jefferies cuts Aussie BlueScope's PT, outlook on steel spread decline

Reuters
06-11
BUZZ-Jefferies cuts Aussie BlueScope's PT, outlook on steel spread decline

** Jefferies cuts forecast and PT for steel producer BlueScope BSL.AX on lower spread, weaker NZ recovery and FX impacts

** Brokerage trims price target to A$29/shr from A$30/shr; maintains "buy" rating

** Says, steel spreads from NorthStar mill have eased to ~$460 per tonne, down 17% from May highs

** Downgrades 2H25 EBIT forecast from A$540 million ($352.30 million) to A$484 million

** North America was BSL's largest revenue segment in the six months to December 31, 2024; it operates five businesses in the region, including the NorthStar mill in Ohio

** Stock up ~26% YTD

($1 = 1.5328 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10