** Analysts at Morningstar raise fair value estimate for Australia's Sims SGM.AX by 3% to A$16.30
** Investment research firm expects the metal recycler to benefit from U.S. President Donald Trump's tariffs on steel, aluminum and copper
** Sims, the largest metals recycler in the United States, supplies scrap metals to industries that require materials such as steel, aluminum and copper - Morningstar
** Morningstar expects that U.S. tariffs on steel, aluminum and copper imports will serve as a tailwind for SGM by supporting improved pricing for scrap metals
** One of 13 analysts rate the stock "buy" or higher, eight "hold" and four "sell" or lower; their median PT is A$14.00, according to data compiled by LSEG
** Stock up 38.1% this year, as of last close
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.