Gerdau Shares Fall After Itau BBA Downgrade

MT Newswires Live

02/28

Gerdau (GGB) shares fell almost 1.1% in recent Friday trading after Itau BBA downgraded the company's stock to market perform from outperform, and adjusted its price target to $4.70 from $4.50.

Trading volume stood at over 8.4 million shares compared with a daily average of about 17.5 million shares.

Price: 4.04, Change: -0.04, Percent Change: -0.86

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