TX - Ternium: Expected Margin Contraction Makes Me Avoid This Stock Despite A Cheap Valuation
2024-05-04 09:26:13 ET
Summary
- Ternium is a leading steel manufacturing company with a strong market presence in the Americas, primarily in Mexico.
- Topline should continue to expand with strong demand in the Mexican region.
- Margins are expected to be under pressure in the coming quarters, which makes this stock a hold despite a discounted valuation.