BSL – Credit Suisse rates the stock as Outperform

By Broker News | More Articles by Broker News

The broker suggests reduced US steel tariffs for Canada could result in US steel spread pressure as imports potentially rise, impacting on already materially lower steel prices. US scrap prices may rise on likely increased supply from Turkey and reduced supply from Canada.

There is no change to forecasts for BlueScope. Outperform and $16.50 target retained.

Sector: Materials.

Target price is $16.50.Current Price is $12.30. Difference: $4.20 – (brackets indicate current price is over target). If BSL meets the Credit Suisse target it will return approximately 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →