Thiago Lofiego

In a report published Monday, Bank of America Merrill Lynch analyst Thiago Lofiego downgraded the rating on Ternium SA (ADR) (NYSE: TX) from Buy to Neutral, while lowering the price target from $23 to $21. The stock has risen 16 percent since January, driven by the improving political scenario in...

Lower price forecasts for coal and iron ore promoted analysts at Bank of America to downgrade a trio of mining concerns. "It's an inconvenient truth," the bank's Thiago Lofiego said, noting that an oversupply will last longer than expected. Lofiego cut his rating on...