Report
Carole Braudeau

Eramet : A few disappointing points in H1 2018 results. Downgrade to Neutral vs. Buy

Publication date 26/07/2018 16:37 - Writing date 26/07/2018 16:36 - - - - - - - - - Equity data - - - Equity Analyst : - - - ESG Analyst: xxx - Corporate governance: High risk (4) - / - / - 25 October 2018: Q3 2018 sales - - - - - - - - - - - - - - - - - - - We are lowering our recommendation from Buy to Neutral. In addition to global trade tensions that have eroded visibility, this downgrade is motivated by a few disappointing points in interim results that make us less confident in the ...
Underlying
Eramet SA

Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carole Braudeau

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