Analyst Adela Dashian of Jefferies maintained a Buy rating on Munters Group AB, retaining the price target of SEK160.00.
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Adela Dashian has given her Buy rating due to a combination of factors that indicate potential for Munters Group AB’s stock. Despite revising the earnings per share forecasts for the years 2025 to 2027 downward by 5-7% due to challenges in the AirTech segment, such as weak battery demand and low utilization, there are positive aspects that support a Buy rating.
Strong performance in the Data Center Technologies (DCT) and FoodTech divisions, along with operational improvements, suggest a mid-term recovery. Additionally, the stock is currently trading at a significant discount compared to its peak levels and industry peers. This, coupled with structural growth drivers and improving fundamentals, makes the stock an attractive investment opportunity.
According to TipRanks, Dashian is a 2-star analyst with an average return of 2.0% and a 37.50% success rate. Dashian covers the Industrials sector, focusing on stocks such as Munters Group AB, Systemair AB, and Tomra Systems ASA.
In another report released on September 11, Kepler Capital also maintained a Buy rating on the stock with a SEK155.00 price target.