Morgan Stanley: Metlen Target Price at €64 – Scenarios for the Stock

Morgan Stanley maintains a positive outlook on Metlen in its sector report for metals ahead of 2026. Despite targeted revisions, the bank reduces the target price to €64 from €66.

The decrease in the target price is limited and does not change the 'overweight' recommendation for the stock. Profitability forecasts for 2025 are reduced by 5% to €986 million, while for 2026 they are estimated at €1.25 billion. 2027 estimates remain at €1.43 billion.