Bank of America Downgrades Ternium To Neutral

Analysts at Bank of America downgraded Ternium SA (ADR) TX from Buy to Neutral. The price target for Ternium has been lowered from $23.00 to $21.00. Ternium shares have dropped 34.69 percent over the past 52 weeks, while the S&P 500 index has surged 7.17 percent in the same period. Ternium shares fell 1.08 percent to close at $18.24 on Friday.