In a report released today, Michael Harleaux from Morgan Stanley reiterated a Sell rating on Schindler Holding AG, with a price target of CHF265.00.
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Michael Harleaux has given his Sell rating due to a combination of factors impacting Schindler Holding AG. Despite the company’s solid performance in terms of margins, which exceeded expectations, the decision to maintain unchanged full-year guidance raises concerns. The market consensus is already ahead of Schindler’s guidance, suggesting limited potential for further share price growth.
Additionally, Schindler’s stock has experienced a significant increase in value, approximately 20% year-to-date, and trades at a substantial premium compared to its historical average. Furthermore, the company has revised its Service market outlook downward, particularly in China and globally, indicating potential challenges ahead. These elements contribute to the perception that the stock may not outperform its sector peers, justifying the Sell rating.
According to TipRanks, Harleaux is a 2-star analyst with an average return of 2.8% and a 57.14% success rate. Harleaux covers the Industrials sector, focusing on stocks such as Schindler Holding AG, Sandvik AB, and Weir Group plc (The).
In another report released on July 8, Kepler Capital also maintained a Sell rating on the stock with a CHF260.00 price target.