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 Munters Group AB’s strategic positioning in the AI-driven infrastructure sector, which is currently undervalued by the market. The company has demonstrated its capability to secure significant orders, such as a recent major deal with a hyperscaler, indicating its potential to gain a larger market share in the rapidly growing data center cooling industry.
Furthermore, discussions with the CEO highlighted three key strengths: the company’s alignment with structural AI trends, its unique technology coupled with strong customer relationships, and its increasing commercial success, evidenced by a robust backlog. Additionally, Munters is trading at a 22% discount compared to its peers, making it an attractive investment opportunity at its current valuation.
In another report released on November 12, Kepler Capital also maintained a Buy rating on the stock with a SEK200.00 price target.