SSAB shares rebound as Jefferies upgrades stock on stronger market outlook By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2025
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Should l Buy ?
Source: Investing.com
SSAB Share Price Recovery: SSAB's share price increased after Jefferies upgraded its rating to "buy," predicting improved financial performance due to rising US steel plate prices and a stable European market, with a new price target of SEK 64.
Market Outlook and Risks: Analysts believe SSAB is nearing the end of an earnings downgrade cycle, supported by strong demand and infrastructure investments; however, risks remain from cash flow challenges and macroeconomic conditions affecting global steel demand.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
