NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has added Salzgitter to its rating with a "Hold" and a price target of 30 euros. The weak economic and demand environment in 2024 is well known to steel sector investors, analyst Cole Hathorn wrote in a study published on Monday. Unused capacities are also already reflected in the expectations. Meanwhile, a better price environment is emerging and the sector companies are now better positioned in terms of their balance sheets. They are likely to benefit from steel price increases in the first half of 2024. The expert prefers companies with a stronger focus on the USA./tih/mis

Publication of the original study: 01.12.2023 / 08:16 / ET

First distribution of the original study: 02.12.2023 / 07:05 / ET

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