Gerdau S.A. (GGB) Gets Upgraded to Outperform From Sector Perform by Scotiabank – Here’s Why

Gerdau S.A. (NYSE:GGB) is one of the best affordable stocks to buy under $10. Gerdau S.A. (NYSE:GGB) was upgraded to Outperform from Sector Perform by Scotiabank on March 26, with the firm raising the price target on the stock to R$22 from R$20. The firm told investors in a research note that Gerdau North America should continue to post strong results supported by tariffs, even amid the conflict in the Middle East. Scotiabank believes that the company’s margins in Brazil should improve gradually, provided the ongoing energy disruptions due to the war in Iran are resolved.

Is Gerdau S.A. (GGB) the Best Steel Stock to Buy According to Billionaires?

Separately, Gerdau S.A. (NYSE:GGB) stated that it had ended 2025 with adjusted EBITDA of R$10.1 billion, representing an adjusted EBITDA margin of 14.4%. It also reported that its financial results were positively impacted by a strong performance in the North American market. Net revenue reached R$ 69.9 billion, while steel shipments totaled 11.6 million tonnes.

Gerdau S.A. (NYSE:GGB) produces and commercializes steel products. The company’s operations are divided into the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation.

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