NEW YORK (dpa-AFX Broker) – The analysis firm Jefferies has included Salzgitter in its rating as “Hold” and a price target of 30 euros. The weak economic and demand environment in 2024 is known to steel sector investors, wrote analyst Cole Hathorn in a study available on Monday. Unused capacities were also already reflected in the expectations. Meanwhile, a better price environment is emerging and the companies in the sector are now better positioned in terms of balance sheets. They are likely to benefit from steel price increases in the first half of 2024. The expert prefers companies that are more US-oriented./tih/mis
Original study published: December 1, 2023 / 8:16 a.m. / ET
First distribution of the original study: December 2nd, 2023 / 7:05 a.m. / ET
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