Tiger Brokers

BUZZ-Morningstar raises fair value estimate for Australia's Sims

Reuters
Jul 17
BUZZ-Morningstar raises fair value estimate for Australia's Sims

** Analysts at Morningstar raise fair value estimate for Australia's Sims SGM.AX by 3% to A$16.30

** Investment research firm expects the metal recycler to benefit from U.S. President Donald Trump's tariffs on steel, aluminum and copper

** Sims, the largest metals recycler in the United States, supplies scrap metals to industries that require materials such as steel, aluminum and copper - Morningstar

** Morningstar expects that U.S. tariffs on steel, aluminum and copper imports will serve as a tailwind for SGM by supporting improved pricing for scrap metals

** One of 13 analysts rate the stock "buy" or higher, eight "hold" and four "sell" or lower; their median PT is A$14.00, according to data compiled by LSEG

** Stock up 38.1% this year, as of last close

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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