Jefferies analyst Adela Dashian has maintained their bullish stance on MMNNF stock, giving a Buy rating on June 26.
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Adela Dashian has given her Buy rating due to a combination of factors that highlight the strategic positioning of Munters Group AB in the evolving cooling technology landscape. Despite a recent drop in Munters’ stock price following AWS’s announcement of its new IRHX cooling system, Dashian sees this as a temporary market reaction rather than a fundamental shift in Munters’ business prospects.
Munters has been proactive in developing its own advanced liquid cooling solutions, which positions the company well in the growing market for next-generation thermal management. The introduction of AWS’s proprietary system underscores the increasing importance of liquid cooling, a sector where Munters is already making significant strides. Dashian believes that the current stock decline is driven by market sentiment, offering a potential buying opportunity if Munters continues to execute its strategic plans and sustain its relevance among a broad customer base.
In another report released on June 26, Kepler Capital also maintained a Buy rating on the stock with a SEK155.00 price target.