Morgan Stanley cut Aurubis stock target to EUR 169.50

Published on 10/09/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept a Hold rating on October 7, 2026. Aurubis stock trades at EUR 158.80 versus EUR 154.70, plus 2.65 percent.

Key points in brief

Morgan Stanley maintained a Hold rating and cut its Aurubis target from EUR 172.00 to EUR 169.50 on October 7, 2026.
Aurubis reported third-quarter 2026 revenue of EUR 6.46 billion and net income of EUR 153.0 million.
The Lang & Schwarz price was EUR 158.80 on October 9, 2026, up 2.65 percent from EUR 154.70.
Aurubis remains listed on Xetra and is a member of the MDAX.

3D-Architektur-Render eines modernen Kupferhüttenwerks mit Industrietürmen und Rohrnetz — Aurubis AG modernes 3D-Architektur-Render eines Kupferhüttenwerks mit Industrietürmen und Rohrnetz, ISIN DE0006766504, Illustration mit AI erstellt.

Aurubis stock (ISIN DE0006766504) was trading at EUR 158.80 at Lang & Schwarz on October 9, 2026 at 12:38 p.m. CEST, up 2.65 percent from the prior close of EUR 154.70. According to Investing.com on October 7, 2026, Morgan Stanley maintained a Hold rating and cut its price target from EUR 172.00 to EUR 169.50.

Analyst target moves lower

The revised target is EUR 12.70 above the Lang & Schwarz price, equivalent to 7.99 percent above EUR 158.80. The comparison puts the current market quote below Morgan Stanley's updated valuation while the same source lists an average 12-month target of EUR 170.13 from eight analysts.

Aurubis says its shares are listed on Xetra and included in the MDAX. The company processes metal concentrates and recycled materials, making copper refining, recycling and by-products central to the investment case.

Recent figures show higher output

Simply Wall St reported on August 9, 2026, that third-quarter 2026 revenue reached EUR 6.46 billion, up 40.00 percent from the third quarter of 2025. Net income rose 96.00 percent to EUR 153.0 million, while earnings per share increased to EUR 3.50 from EUR 1.79.

The figures provide a sharper counterweight to the lower target. Revenue growth was accompanied by a 2.40 percent profit margin, compared with 1.70 percent in the year-earlier quarter, although the absolute margin remains a key sensitivity for a metal processor exposed to refining charges and energy costs.

Three dated milestones

On September 26, 2026, Simply Wall St reported that the Aurubis Richmond plant had started producing strategic metals and was designed to process up to 180,000 tonnes of recycling material annually. On August 9, 2026, the same source recorded third-quarter revenue of EUR 6.46 billion and net income of EUR 153.0 million. On October 7, 2026, Investing.com listed Morgan Stanley's EUR 169.50 target after EUR 172.00.

What comes next for Aurubis?

Investing.com lists December 2, 2026 as Aurubis's next earnings date. That release will give investors a fresh test of whether the recent revenue expansion can support profitability while recycling projects ramp up.

Stock trades above prior close

Aurubis stock was trading at EUR 158.80 at Lang & Schwarz on October 9, 2026 at 12:38 p.m. CEST, up 2.65 percent versus the prior close of EUR 154.70. The further course of trading is shown by the continuously updated real-time quote of Aurubis stock.