Analyst Andrew Douglas from Jefferies maintained a Buy rating on Avon Technologies and keeping the price target at p2,330.00.
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Andrew Douglas has given his Buy rating due to a combination of factors that underscore Avon Technologies’ strengthening fundamentals and strategic momentum. The company posted robust first-half 2026 results, with solid year-on-year gains in sales and particularly strong advances in EBITA and EPS, confirming that its operational performance is tracking ahead of prior expectations.
Douglas also highlights management’s confident full-year 2026 outlook, including guidance for EBITA margins at the upper end of the previous range and an anticipated uplift to consensus EPS. While the order book closed lower versus last year, discussions with management and newly announced filter and ME EXFIL contracts support a constructive view on order coverage and pipeline recovery, justifying the reiterated Buy rating and unchanged $2,330 price target.