Announcement

Saturday, April 2, 2011

EFG Hermes upgrades Ezz Steel to buy

Reuters reported that EFG Hermes upgraded Ezz Steel Co, Egypt's largest steel maker, to "buy" from "sell" on valuation and said it views any fall in the share price from current levels as a good entry point to the stock.

EFG analysts Ahmed Shams El Din and Rita Guindy cut their fair

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