UBS upgraded Salzgitter (SZGPY) to Buy from Neutral with a price target of EUR 50, up from EUR 22.50. The firm says Salzgitter is the highest beta play on European steel price improvement in 2026.
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Read More on SZGPY:
- Salzgitter price target raised to EUR 38 from EUR 25 at Citi
- Salzgitter downgraded to Underweight from Neutral at JPMorgan
- Salzgitter upgraded to Buy from Hold at Deutsche Bank
- Salzgitter price target raised to EUR 20.50 from EUR 17.90 at Morgan Stanley
- Salzgitter price target lowered to EUR 27.90 from EUR 28.50 at JPMorgan