Itau BBA Downgrades Gerdau S.A. (GGB) to Market Perform From Outperform – Here’s Why

Gerdau S.A. (NYSE:GGB) is one of the best penny stocks to buy according to Reddit. On February 26, Gerdau S.A. (NYSE:GGB) was downgraded to Market Perform from Outperform by Itau BBA with a $4.70 price target. The rating update followed Gerdau S.A.’s (NYSE:GGB) announcement on February 23 that it had ended 2025 with adjusted EBITDA of R$10.1 billion, representing an adjusted EBITDA margin of 14.4%. The company stated that its financial results were positively impacted by a strong performance in the North American market. Net revenue reached R$ 69.9 billion, while steel shipments totaled 11.6 million tonnes.

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

Gerdau S.A. (NYSE:GGB) further stated that for fiscal Q4 2025, the company reported adjusted EBITDA of R$ 2.4 billion, with an EBITDA margin of 14.0%. Net sales reached R$ 17.0 billion, with steel shipments totalling 2.9 million tonnes. The company’s adjusted net income totaled R$ 670 million in the period from October to December 2025.

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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