Jefferies analyst Constantin Hesse maintained a Hold rating on Interroll Holding AG (INRN – Research Report) today and set a price target of CHF2,000.00.
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Constantin Hesse has given his Hold rating due to a combination of factors related to Interroll Holding AG’s current financial performance and market conditions. The company has confirmed its preliminary figures for the second half and full year of 2024, showing a slight increase in orders from a previously low base. While profitability remains solid, supported by a recovery in the product business, the activity in projects is weaker but still satisfactory.
Despite a solid free cash flow aided by postponed investments to 2025/2026, there is a cautious outlook for 2025 as customers are hesitant to invest in larger projects, and a rebound is yet to be observed. The consensus on order growth might be overly optimistic without clear signs of a rebound, and with the stock price remaining stable since the preliminary results, a limited market reaction is anticipated. These factors contribute to the Hold rating, indicating a neutral stance on the stock’s potential performance.
In another report released on March 6, Kepler Capital also maintained a Hold rating on the stock with a CHF2,250.00 price target.
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