Eramet: down on analysts' comments

(CercleFinance.com) - Eramet's share price has dropped by almost 4%, as Oddo BHF reiterated its 'outperform' recommendation, but drastically lowered its price target from €163 to €126.


Following a roadshow with senior executives, the research firm points out that the end of summer saw a sharp deterioration in the Chinese steel market, and the fall in manganese prices has led it to revise its short-term estimates for Eramet downwards.

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