JP Morgan cuts Aperam target to EUR 55.50: Aperam stock gains 2.15 percent

Published on 10/16/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aperam expects Q3 adjusted EBITDA below EUR 130.00 million. Aperam stock costs EUR 38.45 on October 16, 2026, above the Xetra close of October 15, 2026.

Target cut and earnings dates

JP Morgan lowered its Aperam target from EUR 57.00 to EUR 55.50 on October 15, 2026.
Aperam's company-compiled adjusted EBITDA consensus for the third quarter of 2026 is EUR 113.00 million.
Aperam stock trades at EUR 38.45 at 10:45 a.m. CEST at Lang & Schwarz on October 16, 2026, 2.15 percent above the Xetra close of October 15, 2026 at EUR 37.64.
Aperam will publish its third-quarter and nine-month 2026 results on November 6, 2026.

Aperam, LU0569974404, Illustration mit AI erstellt.

Aperam (LU0569974404) stock trades at EUR 38.45 at Lang & Schwarz on October 16, 2026, 2.15 percent above the Xetra close of October 15, 2026 at EUR 37.64. On October 15, 2026, JP Morgan lowered its target from EUR 57.00 to EUR 55.50 while maintaining an Overweight rating, according to Ideal Investisseur.

Why the target cut matters

The target reduction arrived as the stainless steel producer kept a cautious third-quarter outlook. Aperam expects adjusted EBITDA below the EUR 130.00 million recorded in the second quarter of 2026 but above the EUR 90.00 million recorded in the first quarter.

The company's compiled consensus for third-quarter 2026 adjusted EBITDA stands at EUR 113.00 million. Elevated energy costs are expected to weigh on EBITDA by EUR 20.00 million per quarter, while the Leadership Journey program is expected to deliver EUR 150.00 million of gains between 2026 and 2028, according to FT.

Three dated stock events

On July 30, 2026, Aperam's first-half 2026 figures included EUR 3.264 billion of revenue, EUR 249.00 million of EBITDA and EUR 119.00 million of net income, according to Ideal Investisseur. On October 6, 2026, Aperam confirmed its third-quarter outlook and cited EUR 113.00 million as its adjusted EBITDA consensus, according to FT. On October 15, 2026, JP Morgan cut its target to EUR 55.50 from EUR 57.00, according to Ideal Investisseur.

When are the next dates?

Aperam is scheduled to publish third-quarter and nine-month 2026 results before the market opens on November 6, 2026, followed by a conference call at 2:00 p.m. CET. The company's Capital Markets Day is scheduled for November 18, 2026, in Paris, according to FT.

Aperam stock at Lang & Schwarz

The current setup combines a lower analyst target with a quantified earnings hurdle for the third quarter. The EUR 55.50 target remains above the EUR 38.45 euro reference price, while the next results date gives investors a defined test for the cautious outlook. Aperam stock was trading at EUR 38.45 at Lang & Schwarz on October 16, 2026 at 10:45 a.m. CEST, 2.15 percent above the Xetra close of October 15, 2026 (EUR 37.64). The further course of trading is shown by the continuously updated real-time quote of Aperam stock.