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