Gerdau: Up, And Back Down Again In 2026E (Rating Upgrade)

I downgraded Gerdau (GGB) to "HOLD" in my last article in December of 2025. While initially seeming like a poor rating, the subsequent decline despite an otherwise positive sector has, if not made Gerdau: Up, And Back Down Again In 2026E (Rating Upgrade) Summary - Gerdau is upgraded to 'buy' with a new price target of $3.6/share, reflecting improved external factors and conservative valuation. - GGB's volatility stems from strong US operations offset by systemic Brazilian market challenges, notably Chinese steel imports and recent gross profit declines. - Recent Brazilian anti-dumping duties,

I downgraded Gerdau (GGB) to "HOLD" in my last article in December of 2025. While initially seeming like a poor rating, the subsequent decline despite an otherwise positive sector has, if not made Gerdau: Up, And Back Down Again In 2026E (Rating Upgrade) Summary - Gerdau is upgraded to 'buy' with a new price target of $3.6/share, reflecting improved external factors and conservative valuation. - GGB's volatility stems from strong US operations offset by systemic Brazilian market challenges, notably Chinese steel imports and recent gross profit declines. - Recent Brazilian anti-dumping duties,