In a report released today, David Farrell from Jefferies reiterated a Buy rating on FLSmidth & Co. A/S (0OJA – Research Report), with a price target of DKK430.00.
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David Farrell has given his Buy rating due to a combination of factors including the anticipated positive performance of FLSmidth & Co. A/S in their upcoming fourth-quarter results and the expected guidance for FY25F. Farrell believes there will be an improvement in the portfolio’s quality, particularly within the core Mining division, where an increase in adjusted EBITA margins is anticipated. This improvement is seen as crucial for the stock to experience further positive re-rating.
Additionally, while an update on the Cement division disposal would be beneficial, it is not considered a primary focus at this time. The analyst maintains a Buy rating with a price target of DKK 430, reflecting confidence in the company’s strategic direction and operational efficiencies going forward.
In another report released on February 4, Kepler Capital also maintained a Buy rating on the stock with a DKK440.00 price target.