Goldman and JPMorgan see big upside for this under-the-radar steel stock

Both Goldman and JPMorgan are bullish on this steel stock.

Goldman Sachs and JPMorgan think steel producer Ternium can strengthen its presence in South America resulting in big upside for the stock. The company is a steel producer in Latin America and operates production plants in Argentina, Brazil, Columbia, Guatemala, Mexico and the U.S.

31 close. Goldman Sachs, meanwhile, is buy rated on Ternium with a $51 per share price target, or about 27% upside moving forward. TX YTD mountain Ternium stock. Goldman Sachs highlighted the company's attractive valuation and 8% dividend as part of its bullish outlook on the stock, and added that its growing Mexico business is also a tailwind moving forward.

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