Erdemir CFO Serdar Başoğlu objected to Bank of America’s (BofA) analysis of the company’s target price.
In the anazlide published by Bank of America, the target price of Erdemir, which is currently traded at 45.9, was reduced to 17 liras.
Erdemir CFO Serdar Başoğlu, who sent a statement to Bloomberg, said that the author of the report has not attended any investor presentation, conference or analyst briefing of the company in the last 2 years.
“Our company returned to full capacity production levels in a very short time despite the serious loss of production and sales due to the earthquake disaster in our country in 2023,” Erdemir’s statement said.
A spokesperson for BofA Securities declined to comment.