Montega reiterates buy on AMAG, sets EUR 34 price target

Reuters2026/07/31 14:30

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Montega reiterated a Buy rating on AMAG on July 31, 2026, keeping its 12-month price target at EUR 34.
Q2 2026 revenue rose 16.1% to EUR 446.9 million; EBITDA came in at EUR 44 million, broadly in line with expectations.
Montega cited higher aluminum prices, stronger rolling volumes, productivity gains, and mix improvements as key earnings drivers.
AMAG lifted EBITDA guidance to EUR 170 million-EUR 190 million from EUR 150 million-EUR 180 million.
Free cash flow was EUR -76 million in the first half, hit by higher working capital; Montega no longer expects a full-year positive figure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMAG - Austria Metall AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26354) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Montega reiterates buy on AMAG, sets EUR 34 price target

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