In a report released today, Jeff Osborne from TD Cowen maintained a Buy rating on Landis+Gyr Group AG (LGYRF – Research Report), with a price target of CHF83.00.
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Jeff Osborne has given his Buy rating due to a combination of factors that highlight Landis+Gyr Group AG’s strategic positioning and growth potential. The company is well-positioned to benefit from the upcoming wave of smart grid rollouts, particularly in the U.S., where there is a significant opportunity for cross-selling networking and software solutions. This focus is expected to improve margins and drive growth.
Additionally, Landis+Gyr’s strategic initiatives, such as divesting its EMEA business and pursuing a U.S. listing, are seen as catalysts for enhancing shareholder value. The company is poised to capitalize on the growing demand for more efficient electric grid solutions, especially as utilities in the U.S. face challenges due to increased load growth. With a substantial backlog in the Americas and the necessity for utilities to invest in grid improvements, Landis+Gyr is strategically positioned to achieve sustained growth.