1155 ET - Algoma Steel faces challenges from an uncertain trade climate, but the company still can generative positive earnings, BMO's Katja Jancic says. In a report, the analyst says near-term remains challenging and tariffs represent a material headwind. However, both sheet and plate prices have increased materially over the past few weeks, which Jancic says will allow "Algoma to be able to generate positive EBITDA if prices stay at current levels." What's more, Algoma has sufficient liquidity on its balance sheet to weather the current uncertainty. Still, BMO lowers its target price on the stock to C$15 from C$18. Shares are down 5.1% to C$8.92. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 11:55 ET (15:55 GMT)
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