Morgan Stanley upgraded Bluescope Steel (BLSFY) to Equal Weight from Underweight with a price target of A$22, up from A$18.50. A “meaningful reduction” to first half of 2025 guidance was “disappointing,” but the firm thinks this will likely represent a trough in earnings, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio