ZURICH (dpa-AFX) - The major Swiss bank UBS has lowered its target price for Aurubis from 100 to 92 euros after the figures for the fourth quarter, but left its rating at "buy". The operating result (EBITDA) of the copper group was disappointing, wrote analyst Daniel Major in a study published on Wednesday. The free cash inflow, on the other hand, surprised positively thanks to the release of a considerable amount of working capital. Meanwhile, the company is now targeting higher investments for the longer term. In this respect, the expert reduced his price target./la/he

Publication of the original study: 20.12.2023 / 17:06 / GMT First publication of the original study: 20.12.2023 / 17:06 / GMT