In a report released today, Fabian Piasta from Jefferies maintained a Buy rating on Vossloh, with a price target of €85.00.
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Fabian Piasta has given his Buy rating due to a combination of factors that highlight Vossloh’s strong performance and future potential. The company reported a significant increase in EBIT by 19% year-over-year, surpassing consensus expectations and indicating improved operational efficiency and pricing power. This performance was driven by robust sales growth in key segments, particularly in CM and CC, despite some challenges in the LS segment due to budget delays in Germany.
Management’s confirmation of guidance for the second half of the year, expecting a 9% sales growth excluding Sateba, further supports the positive outlook. The anticipated demand from China and a solid order backlog provide additional confidence in Vossloh’s ability to achieve its targets. Although order intake saw a decline, it was in line with expectations, and the overall book-to-bill ratio remains healthy, suggesting sustained business momentum.
Piasta covers the Industrials sector, focusing on stocks such as BELIMO Holding AG, Vossloh, and Befesa S.A.. According to TipRanks, Piasta has an average return of 35.9% and a 71.88% success rate on recommended stocks.
In another report released on July 11, Deutsche Bank also maintained a Buy rating on the stock with a €102.00 price target.