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Deniz Yatırım changed Erdemir's target price

After Ereğli Demir Çelik (Erdemir) announced a loss of TL 3.999 billion in the second quarter of this year, some brokerage houses started to update their target prices for Erdemir. Deniz Yatırım also updated its target price and maintained its "buy" recommendation.

Deniz Yatırım changed Erdemir's target price

Erdemir, which recorded a net profit of TL 6.64 billion in the second quarter of last year, increased its net profit to TL 18.0 billion last year. However, it had a limited net profit in the previous quarter and recorded a profit of TL 90 million.

Deniz Yatırım increased its target price for Erdemir from TL 45.7 to TL 52.6 and maintained its recommendation as "buy".

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