Kepler cuts Umicore to 'hold' after rally
11/06/2026 08:56
BUZZ-Kepler cuts Umicore to 'hold' after rally ** Kepler Cheuvreux downgrades Umicore UMI.BR to "hold" from "buy", saying the recent strong share price performance has reduced upside potential for the Belgian metal recycling group
** Kepler says its previous upgrade performed "arguably too well to justify keeping a Buy rating", despite upgraded earnings estimates
** Brokerage raises Umicore's target price by 20% to €24 ($27.7)
** "We have raised our earnings estimates to reflect our more positive view on catalyst prices and volumes, but our new target price of €24 now offers limited upside," it says
** Shares in Umicore up 22% YTD, touching record-highs
($1 = 0.8660 euros)
(Reporting by Gianluca Lo Nostro)
Recent news on Umicore SA
See all newsTop of the Street: Umicore, Computacenter, Belimo, EQT
Europe Research Roundup: Comet Holding, DSV, Informa
Berenberg cuts Umicore to 'hold' as shares approach target price
Insight: Trump's critical minerals pricing plan faces skeptical G7, divided industry (updated)
Insight: Trump's critical minerals pricing plan faces skeptical G7, divided industry