Schindler upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Daniela Costa upgraded Schindler (SHLAF) to Neutral from Sell with a CHF 272 price target The stock has significantly underperformed the firm’s Capital Goods coverage in the last 12 months, the analyst tells investors in a research note. Despite having downgraded the stock to Sell in August 2024, the firm now expects growth in 2026 to come in toward the top end of the group’s low- to mid-single digit target, on the back of backlog conversion, modernization growth, and China now being a less relevant part of the portfolio.