Gerdau in World-Best Rally as Bank of America Says Buy on Brazil

  • Steelmaker surges 12% in Sao Paulo, leading global peers
  • Gerdau was raised to buy from underperform by BOFAML

Gerdau SA rose the most among major steelmakers as Bank of America Merrill Lynch recommended buying the Brazilian company as a way of tapping a growth recovery in the country.

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