Acerinox gains nearly 1% and slightly outperforms the trend in Madrid, with the support of comments from Oddo BHF, which reaffirms its 'outperform' opinion, with a price target raised from 12.5 to 14 euros, in a note devoted to stainless steel producers.

At a time when the sector is, in its opinion, at a low point, Oddo BHF believes that the time seems right to reinvest in the sector, favoring Outokumpu for its attractive valuation and Acerinox for the quality of its mix, ahead of Aperam.

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