Markets
The Ceiling Moved in July. The Numbers Have Not Caught Up.
Salzgitter AG (SZG GR): BUY
Target Price EUR 70, 26% Upside, 12 to 18 Month Horizon
Note: this piece was written in September 2026 with the shares trading at EUR 55.65, which is the reference price behind every multiple and every per share figure below. Sell side estimates cited are Deutsche Bank.