FRANKFURT (dpa-AFX Broker) - Aurubis shares rose sharply on Wednesday thanks to a buy recommendation from the private bank Metzler. They rose by almost 5 percent to 73.80 euros and now have the chance to break out of a downward trend that began in February 2023. According to a Borsianer, the trend line is currently running at around EUR 73 to 74.

Higher metal prices in the coming months could also lead to the Hamburg-based copper smelter raising its outlook, argued analyst Thomas Schulte-Vorwick from Bankhaus Metzler. Even after the recent price recovery, the risk/reward profile is still attractive. He therefore upgraded the shares from "hold" to "buy"./bek/mis