** Jefferies updates steel producer BlueScope's BSL.AX forecast to reflect improved steel market conditions
** However, maintains "Buy" rating with price target of A$30/share
** Says U.S. spreads continue to underpin the earnings upside, with a spot U.S. spread of $545 per ton buoyed by recent recovery in demand and positioning ahead of tariffs
** Jefferies sees cost-out and growth projects supporting a mid-cycle EBIT of ~A$1.9 billion, but current valuation significantly discounts this higher earnings base
** Stock up 21.5% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。