The driving forces behind the grand comeback of Metlen and its surprise maneuvers: Stock targets up to €44
Metlen said it is on track to restore full-year operational profitability, targeting €1.0–€1.15 billion. At its AGM, it cited favorable global aluminum conditions and a restructured energy unit, including a 330 MW Larissa energy storage project and circular metals and alumina refinery launches. Citigroup kept a €52 target, citing aluminum upside; Morgan Stanley set €55. Metlen also aims to cut leverage to 2 via asset sales.