Jefferies analyst Fabian Piasta has maintained their bullish stance on SULZF stock, giving a Buy rating on July 15.
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Fabian Piasta’s rating is based on Sulzer AG’s robust financial performance amidst a challenging market environment. The company has demonstrated a significant increase in sales, adjusted for foreign exchange, and a notable improvement in earnings, with EBITDA rising by 10% year-over-year. This growth is attributed to operational improvements and an increased share of services, which continues to show double-digit sales growth.
Additionally, Sulzer’s order momentum indicates resilience despite some hesitance in capital expenditure across energy sectors. While there was a decline in order intake due to tough comparisons and deferred large-scale orders, there were no cancellations, and the order book remains strong. The company’s guidance suggests achievable sales growth and improved margins in the second half of the year, supported by a solid backlog and good visibility, justifying the Buy rating.
In another report released on July 15, TR | OpenAI – 4o also upgraded the stock to a Buy with a CHF162.00 price target.