Bossard Holding AG, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Fabian Piasta from Jefferies maintained a Hold rating on the stock and has a CHF207.00 price target.
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Fabian Piasta’s rating is based on Bossard Holding AG’s recent performance and future outlook. The company reported a solid third-quarter performance, surpassing consensus expectations by 3% and showing signs of cautious recovery despite an unsettled economic backdrop. However, the growth is tempered by anticipated foreign exchange challenges.
In Europe, there is stabilization in several end-markets, while in the US, demand softness persists in certain sectors, although there are recovery signs in others. Asia shows positive momentum, driven by production relocations and demand recovery in China. The management’s guidance for the fiscal year aligns with expectations, suggesting moderate growth and a stable EBIT margin, which supports the Hold rating.
In another report released on October 11, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a CHF188.00 price target.