JPMorgan analyst Dominic O’Kane downgraded Salzgitter to Underweight from Neutral with a price target of EUR 11.50, down from EUR 15.60. The firm expects the “acute weakness” in German steel demand to remain a headwind to earnings in 2024 and 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SZGPY: