Of course, much is still unclear about the US-Iran talks, particularly when it comes to Iran’s nuclear ambitions. And of course there can still be a lot of setbacks. But the 14-point agreement concluded on Wednesday, which, among other things, provides for the opening of the Strait of Hormuz to oil and gas transport, certainly brings a sigh of relief. Especially in Europe, where experts now see great potential for stocks.
The sigh of relief can be seen in the oil price alone, which has fallen into the range of $80 per barrel of Brent crude and is causing fuel prices to fall. There is no point in being overconfident because, according to experts, it could take a long time until the price of oil and gas reaches pre-crisis levels (for oil it is $70 per barrel), until 2027. The distortions are massive and the warehouses have to be built up, which drives demand.
But we want to see the glass half full. And especially for Europe. A number of analysts, such as the news agency, are currently doing this Bloomberg explained. They believe European stocks are in for a stellar second half on expectations of stronger economic growth and easing inflation. The fact that the European leading index Stoxx Europe 600, which has lagged behind its US counterparts since the beginning of the Iran war, rose by 1.5 percent in June, while the US leading index S&P 500 fell, does not necessarily prove the thesis. But a trend may have begun. In an admittedly somewhat strange logic, even the absence of big names in the field of artificial intelligence in Europe is now perceived as an advantage because the US tech sector is stalling for fear of overheating.
“The arguments for a ‘Buy Europe’ strategy are there again,” Raphael Thuin from French asset manager Tikehau was quoted as saying by Bloomberg. “This is the right time to add cyclicals back into portfolios.” Many people see it the same way, although some do because of the restrictive signals of the European Central Bank stay cautious.
Cyclical sectors such as banks, automobile manufacturers and luxury goods companies are recommended again. Also defense and industry in general.
It remains extremely interesting in the automotive sector Auto1 Group (ISIN: DE000A2LQ884), known through the digital automotive platform Wirkaufendeinauto.de. The share has had an eventful history since going public at the beginning of 2021. We have them at the beginning of May 2026 presented in our other column about speculative stocks as a rebound paper at a price of 18 euros. Now it costs 24.40 euros. And it’s raining purchase recommendations from experts, especially since the used goods retailer has just announced ambitious sales targets that exceed consensus estimates: Long-term sales growth of 20 to 40 percent per year is targeted in the private customer business, and ten to 15 percent in the corporate customer business. The UBS-Bank has now raised its price target from 29.80 to 33.70 euros. JPMorgan has confirmed its price target of 37 euros, which gives a price potential of 51.64 percent.
The Swiss bank’s share, which is often discussed here and now costs 41 francs UBS (ISIN: CH0244767585) is moving up nicely. The analysis house Jefferies has now raised the price target from 55 to 60 francs and left the rating at “Buy” – that would be a good 46 percent price potential. The asset management business in the USA and Asia as well as investment banking are highlighted as drivers. Yes, and the favorable rating.
The bank writes that the valuations of the four major European composite insurers do not do justice to the improvements in business models and financial indicators Berenberg. She prefers the German one alliance (ISIN: DE0008404005), whose chart has broken out nicely again, and raised the price target for the 400 euro share from 504 to 684 euros – that would be a price potential of 71 percent.
And for the 42.46 euro share of the French competitor, AXA (ISIN: FR0000120628), Berenberg has increased the price target from 57.40 to 77.10 euros – a sensational price potential of 81.58 percent.
The discussion of securities and investments on this site does not replace professional advice and should not be seen as a purchase recommendation. “Die Presse” assumes no liability for future price developments.
eduard.steiner@diepresse.obfuscationcom
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