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AlphaValue/Baader Europe to 'Moderate' Mid-term Expectations for Umicore Amid 'More Cautious' Stance on Metals

MT Newswires·08/03/2026 12:11:49
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12:11 PM EDT, 08/03/2026 (MT Newswires) -- AlphaValue/Baader Europe will "moderate" its mid-term expectations for Umicore (UMI.BR) amid a "more cautious" view on metals due to likely unfavorable developments in interest rates. "Umicore posted strong results for H1 2026, driven by market share gains in Catalysis and a metals rally in Q1. However, we see a repeat of H1 in the second half as unlikely. The low nickel alternative for LFP needs more proof. Additionally, as we take a more cautious stance on metal prices, we will lower our earnings expectations. The target price will be trimmed accordingly," the research firm wrote in a Monday note. The Belgian advanced materials and recycling group's stock is rated buy, with a price target of 28.4 euros. Analysts said the price target will be reduced by a mid-high single-digit percentage.