Aperam: UBS' top pick in stainless steel
(CercleFinance.com) - UBS has reinstated its "buy" recommendation on the Aperam stock, which it present as its "top pick" in stainless steel, albeit with reduced target price of 40 euros (vs.
43 euros), which implies upside potential of 47% for the share.
The broker emphasizes "Valuation at discount to peers despite paying 2019 highest dividend yield with >10% FCF yield." It adds that "4Q'18 marked trough earnings".
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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.
43 euros), which implies upside potential of 47% for the share.
The broker emphasizes "Valuation at discount to peers despite paying 2019 highest dividend yield with >10% FCF yield." It adds that "4Q'18 marked trough earnings".
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.