Belimo price target lowered to CHF 1,013 from CHF 1,038 at Jefferies

Jefferies analyst Fabian Piasta lowered the firm’s price target on Belimo (BLHWF) to CHF 1,013 from CHF 1,038 and keeps a Buy rating on the shares. Despite some risks to margin growth in 2026, the firm remains confident in seeing Belimo capitalizing on the unique DC opportunity with an unchanged positive demand outlook. In light of higher average tariff burden, however, the firm also takes a more cautious stance and lower its EPS estimates by 3%-5% whilst it deems current share price and valuation levels as an attractive entry point.