Umicore S.A.: Upgrade and Price Target Increase by Goldman Sachs Triggers Price Fireworks!
Reading Time: 2 minutes
Umicore S.A. is a turnaround candidate. On April 24, the company published a solid report for Q1. Through an ongoing efficiency program, profitability has further increased. In the Catalysis sector, Umicore excelled with strong demand for Automotive Catalysts as well as positive momentum from the Fuel Cell & Stationary Catalysts and Precious Metals Chemistry segments. The Recycling division also recorded a robust Q1. Umicore attributes this to rising prices for precious and specialty metals. The Precious Metals Refining unit directly benefited...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
