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The Magnum Ice Cream Company N.V. (NYSE:MICC) ranks among the Best All-Time Low Stocks to Buy in 2026. The stock has declined roughly 15.6% year-to-date, but the analysts see more than 29% upside from the current level.
Recently, on April 21, BNP Paribas downgraded the stock from Outperform to a Neutral rating and also lowered the price target from EUR 16 to EUR 13. The firm noted that they expect the global inflation cycles to likely impact the company's margins and volumes.
In separate news on April 21, a Bloomberg report by Joe Easton noted that the company's short interest in Europe has increased to 19% of shares available for trading as of April 17. The report used S&P Global Market Intelligence data. Bloomberg highlighted that the short interest level is more than double from a month ago, and Magnum was the 18th most shorted stock in Europe as of April 17.
That said, earlier on March 27, David Roux from Morgan Stanley had reiterated a Buy rating on the stock with a price target of $18.81, down from the earlier price target of $19.08. Overall, the Street's highest price target suggests more than 50% upside from the current level.
Magnum Ice Cream Company N.V. (NYSE:MICC) manufactures and sells ice cream brands and products tailored for both at-home and away-from-home consumption. The company's operations are divided into the following geographical segments: Americas, Asia, the Middle East, Turkey, South Asia, and Africa.
While we acknowledge the potential of MICC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders.