Montega initiates coverage on AMAG with Buy rating and €33 price target

Reuters02-24
Montega initiates coverage on AMAG with Buy rating and €33 price target

Montega AG has initiated coverage of AMAG Austria Metall AG with a Buy recommendation and a 12-month price target of EUR 33. The analyst highlights AMAG’s position as Austria’s largest aluminum producer, its strong exposure to higher-margin specialty rolled products, and its sustainability profile, including low-carbon primary aluminum via its stake in Canada’s Alouette smelter and significant recycling capabilities in Europe. Montega expects improving market conditions and higher aluminum prices to support a recovery after a weaker 2025 and sees meaningful upside versus peers that have already rebounded.

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, a service of EQS Group AG (Ref. ID: rc_24738), on February 24, 2026, and is solely responsible for the information contained therein.

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