ZURICH (dpa-AFX) – The major Swiss bank UBS has lowered the price target for Aurubis from 100 to 92 euros according to figures for the fourth financial quarter, but left the rating at “Buy”. The copper company’s operating result (Ebitda) was disappointing, wrote analyst Daniel Major in a study available on Wednesday. The free cash inflow, on the other hand, surprised positively thanks to a significant amount of working capital being released. Meanwhile, the company is now targeting higher investments for a longer period of time. In this respect, the expert reduced his price target./la/he
Publication of the original study: December 20, 2023 / 5:06 p.m. / GMT First distribution of the original study: December 20, 2023 / 5:06 p.m. / GMT
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