STXNEWS LATAM-Credit Suisse cuts Usiminas to 'underperform' as gains overdone

Analysts at Credit Suisse Group cut the recommendation on preferred shares of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA to "underperform" from "neutral," saying recent gains in the price of the stock are probably overdone. A team of analysts led by Ivano Westin also cut the price target for the stock to 9 reais from 12.20 reais.