Analyst Adela Dashian of Jefferies maintained a Buy rating on Munters Group AB, retaining the price target of SEK195.00.
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Adela Dashian’s rating is based on several compelling factors that position Munters Group AB favorably in the market. The company recently secured a substantial order worth SEK 840 million for its Geoclima Circlemiser chillers from a new US colocation customer. This order is part of a larger trend, with Munters announcing significant deals totaling SEK 3.6 billion for the fourth quarter, which is approximately 70% above consensus expectations.
Munters’ strategic investments in expanding its Virginia facility highlight its commitment to meeting increasing demand and mitigating tariff impacts. The Circlemiser chillers are noted for their industry-leading energy efficiency, enhanced cooling capacity, and reliable performance under high-density loads, making them attractive to customers. These strengths, alongside Munters’ enhanced production capabilities, solidify its competitive edge in the expanding data center cooling market. The company’s robust order book and proven solutions suggest it is well-positioned to capitalize on structural growth opportunities.
In another report released on December 3, TR | OpenAI – 4o also upgraded the stock to a Buy with a SEK189.00 price target.