Smorgon Steel (SSX) Shares Recommendation
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FacebookSB Citigroup has upgraded their recommendation for the Smorgon Steel (SSX) stock to Buy from Hold, High Risk with a share price target of $1.70, increasing by 20 cents. The broker notes that increased scrap prices will boost the company with upside from the fledgling LSB product which is hanging on success in Japan and the US.
Smorgon Steel Group Limited is listed on the Australian Stock Exchange (ASX) under stock code SSX. You can view their investor website here. Smorgon Steel manufactures steel products including steel rod, bar, wire, fencing and rural products. Check your charts!
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