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Umicore downgraded to Hold from Buy at Kepler Cheuvreux

Umicore downgraded to Hold from Buy at Kepler Cheuvreux

Kepler Cheuvreux downgraded Umicore (UMICY) to Hold from Buy with a price target of EUR 10.50, down from EUR 18. The firm sees the company’s growth as priced in with the shares up 60% in 2024.

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