FRANKFURT (dpa-AFX) - Thanks to a buy recommendation from the investment bank Oddo BHF, shares in Salzgitter briefly climbed to their highest level since early 2018 on Tuesday. At their peak, the stock surged 8.4 percent to €49.82, slightly surpassing last week's high. Most recently, the gain stood at 2.4 percent, with shares trading just above €47.
Oddo BHF analyst Maxime Kogge recommended Salzgitter shares with an "Outperform" rating for the first time since mid-2022. Previously, he had rated them "Underperform" since April of last year. By raising his price target from €58 to €64, the expert is now the most optimistic among analysts regarding the upside potential of the steelmaker's shares./bek/jha/
