Jefferies raised the firm’s price target on Belimo (BLHWF) to CHF 788 from CHF 752 and keeps a Buy rating on the shares. Last week’s guidance raise in the current environment “provides a much appreciated sign of strength after recent share price weakness,” the analyst tells investors. The firm raised estimates on the back of stronger data center momentum, the analyst added.
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Read More on BLHWF:
- Belimo price target raised to CHF 615 from CHF 590 at Morgan Stanley
- Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating for Belimo Holding AG
- Belimo Raises FY2025 Outlook Amid Strong Q1 Growth
- BELIMO Holding AG’s 50th General Meeting: Strategic Decisions and Leadership Updates
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