From the Brisbane times Bluescope Steel rose 4.4 per cent to...

From the Brisbane times

Bluescope Steel rose 4.4 per cent to $15.71 after Morgan Stanley started coverage on the steelmaker and assigned it an overweight rating and a $20 target price.
"Bluescope is well positioned to benefit from elevated steel spreads in its key US and Australian markets, in our view. This will see significant cash generation that should facilitate increased capital management and selective growth projects. We believe this will provide the next leg of upside," the analysts said.