Wells Fargo Starts Ternium S.A. (TX) at Underweight

Wells Fargo initiates coverage on Ternium S.A. (NYSE: TX) with a Underweight rating and a price target of $30.00.

The analyst comments "Launching at Underweight. We initiate coverage of Americas steel producer Ternium (TX) at Underweight with a $30/shr price target, reflecting 6x 2026E EV/EBITDA, well above its historical average 4x, and assuming half its reported provisions. Its recent higher trading multiple assumes too much rebound in earnings, in our view, we're not convinced of a quick fix to tariffs and challenging demand. Heavy recent capex can boost through- cycle results, but likely not until 2027E/28E."

For an analyst ratings summary and ratings history on Ternium S.A. click here. For more ratings news on Ternium S.A. click here.

Shares of Ternium S.A. closed at $32.34 yesterday.

You May Also Be Interested In

• KeyBanc Upgrades Nucor (NUE) to Overweight
• Berenberg Starts Natwest Group PLC (NWG:LN) (NWG) at Buy
• Berenberg Starts Barclays Plc (BARC:LN) (BCS) at Buy