ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has changed its rating for Aurubis from "Buy" to "Sell" and lowered its target price from 84 to 70 euros. Lower processing and smelting charges (TCRC) and rising capital expenditure created headwinds for the copper group, analyst Daniel Major wrote in a study published on Friday. The market expectations for 2025 are at risk of correction./ag/zb

Publication of the original study: 02.05.2024 / 14:05 / GMT

First dissemination of the original study: 03.05.2024 / time not specified in study / GMT

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