Georg Fischer AG, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Martin Comtesse from Jefferies maintained a Buy rating on the stock and has a CHF82.00 price target.
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Martin Comtesse’s rating is based on several key observations about Georg Fischer AG’s recent performance and future outlook. Despite a slow start in the first half of the fiscal year, with sales and EBIT slightly below expectations, the company has shown positive momentum in European infrastructure projects. This is contrasted by weaker performance in industrial applications, particularly in semiconductor sales, which experienced a significant year-over-year decline.
However, the Building Flow Solutions segment demonstrated resilience, especially in the DACH region, even as the North American market remained stagnant. The company reported a modest organic sales increase and a notable rise in order growth, which supports management’s forecast of flat to slightly declining organic growth for the fiscal year 2025. These factors contribute to Comtesse’s optimistic outlook and justify the Buy rating for Georg Fischer AG.
According to TipRanks, Comtesse is an analyst with an average return of -0.5% and a 43.63% success rate. Comtesse covers the Industrials sector, focusing on stocks such as Bechtle Aktiengesellschaft, INFICON Holding AG, and Friedrich Vorwerk Group SE.
In another report released on July 8, UBS also maintained a Buy rating on the stock with a CHF75.00 price target.