Aperam: Oddo BHF raises its opinion
(CercleFinance.com) - Oddo BHF upgrades its opinion on Aperam from 'underperform' to 'neutral', with a price target raised from 24 to 32 euros, in a note devoted to the European stainless steel producer.
'In a global sector considerably weakened by the irruption of Indonesia, we welcome the recent strengthening of customs barriers in Europe, which should have a significant impact with the upturn in demand expected in 2024', says the analyst.
At a time when the sector is at a low point, Oddo BHF believes that the time is right to reinvest in the sector, with Outokumpu (attractive valuation) and Acerinox (quality of the mix) preferred over Aperam.
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