Jefferies analyst Fabian Piasta lowered the firm’s price target on Belimo (BLHWF) to CHF 989 from CHF 1,052 and keeps a Buy rating on the shares. The firm sees no fundamental change in sequential underlying second half demand momentum, but acknowledges pressure on material costs and gross profits due to tariffs, the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLHWF:
- Positive Momentum and Strategic Focus Drive Buy Rating for Belimo Holding AG
- Belimo participates in a conference call with Jefferies
- Positive Outlook for BELIMO Holding AG Driven by Data Center Momentum and Blackwell Technology Adoption
- Belimo downgraded to Underweight from Equal Weight at Morgan Stanley