Verallia: UBS still buying, trims TP

(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Verallia shares, with a target price lowered from E40 to E36, representing 28% upside potential for the share, based on the glass packaging manufacturer's latest trading update.


Pointing to a slow recovery, but a return of volumes to positive territory, the broker nevertheless reduces its estimates for the group, to reflect a more negative price/cost differential in 2025 (postponement of price cuts from 2024).


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