Voestalpine Shares: UBS Sets Ambitious Price Target Amid Operational Headwinds

A surprising upgrade from Swiss banking giant UBS has thrust Voestalpine into the investment spotlight. While the Austrian steelmaker navigates operational challenges, the bank’s analysis points to substantial recovery potential. The central question for investors: can the stock realistically achieve the striking new price target of €43?

Voestalpine currently finds itself in a period of transition, yet several promising developments signal potential upside. The company’s recent half-year figures present a contrasting picture: revenue declined by 5.6 percent to €7.6 billion, while post-tax earnings actually climbed 8.6 percent to €199 million. Concurrently, the corporation successfully reduced its net financial debt to €1.5 billion and trimmed its workforce by 4.1 percent.

Management remains cautious about any Read more...