UBS Raises Price Target for Befesa Following Q3 Results
UBS analyst Olivier Calvet increased the price target for Befesa from €50 to €55 and maintained a 'Buy' rating following the company's latest quarterly report.
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Befesa has raised its 2026 EBITDA guidance, citing expected tax credits from the US Inflation Reduction Act related to its zinc production.
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UBS analyst Olivier Calvet increased the price target for Befesa from €50 to €55 and maintained a 'Buy' rating following the company's latest quarterly report.
Befesa announced its 9M 2026 financial results and narrowed its full-year adjusted EBITDA guidance to €286m–€296m, supported by a new US tax credit.