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

Analyst Andrew Jones has adjusted his estimates for the company's performance in 2024 and 2025 downward due to revised business targets following the third-quarter results. However, he has increased projections for 2026, anticipating improved demand and the positive impact of recently implemented efficiency measures.

The potential for a takeover of the steel group is also expected to boost the share price, reflecting a strategic outlook in light of changing market conditions. The updated analysis, published on November 12, 2024, showcases the bank's cautious yet optimistic stance on Salzgitter's future performance.