UBS AG has increased its price target for Salzgitter AG to 19 euros while keeping a "Neutral" rating on the stock.

Analyst Andrew Jones has revised his estimates for 2024 and 2025 downwards after the company's third-quarter results, citing lower business targets. However, he has raised projections for 2026, expecting improved demand and the positive effects of recently implemented efficiency measures. The possibility of a takeover of the steel group is also seen as a factor that could boost the share price.

Salzgitter shares are currently trading at 17.34 euros, showing no change in value. The updated analysis was published on November 12, 2024, and highlights the ongoing adjustments in the steel market due to changing demand dynamics.