ubs raises salzgitter price target to 19 euros maintains neutral rating

UBS has raised its price target for Salzgitter AG to 19 euros from 17 euros, while keeping a "Neutral" rating.

Analyst Andrew Jones has revised his estimates for the company's performance in 2024 and 2025 downward, citing revised business targets after the release of third-quarter figures. However, projections for 2026 have been increased, reflecting expectations of improved demand and the positive impact of recently implemented efficiency measures.

Furthermore, the share price is expected to benefit from the potential takeover of the steel group.

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