Umicore: brace for challenging results, Liberum says
(CercleFinance.com) - Belgian specialty metals company Umicore is on track to meet its revised published guidance for 2019, although results will be second-half weighted, analysts at Liberum warned on Monday.
This deferral of growth is mainly due to cyclical factors and transitional issues in battery materials rather than a sign of competitive erosion, the broker said in a note.
For this reason Liberum remains a long-term buyer of the stock, with a target price of 44 euros.
Umicore will report first-half results on 31 July.
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This deferral of growth is mainly due to cyclical factors and transitional issues in battery materials rather than a sign of competitive erosion, the broker said in a note.
For this reason Liberum remains a long-term buyer of the stock, with a target price of 44 euros.
Umicore will report first-half results on 31 July.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.