Alphavalue ups Aperam on favourable new EU context

Aperam SA

10/02/2026 09:19

** Alphavalue raises European stainless steel producer Aperam APAM.AS to "add" from "reduce", as it hopes for a recovery starting next year on the back of a new EU context, revising its predictions upwards

** The broker says the new EU measures on Carbon Border Adjustment Mechanism (CBAM) and tariffs should generate a much more favourable context for all stainless steel-makers, particularly as of FY 2027 where they will be "in full force"

** It therefore ups its PT by 26% to EUR 53/shr

** It believes momentum will continue to support share price despite the recent share price rally

** Among the 12 analysts covering the stock, four rate it "buy", six "hold" and two rate it "sell" -LSEG data

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))