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Investing.com - Berenberg has upgraded Interroll Holding AG (SWX:INRN) from Hold to Buy and raised its price target to CHF2,750.00 from CHF2,500.00, citing an approaching inflection point in warehouse automation.
The upgrade follows Interroll’s H1 2025 conference call, where management provided incrementally positive commentary about market conditions. Berenberg views improving order intake at Interroll’s system integrator customers as a leading indicator for an order intake inflection at the Swiss conveyor and sorter manufacturer.
Berenberg highlighted that Interroll’s local presence in the US helps mitigate potential risks from tariffs, strengthening the company’s competitive position in the North American market.
The research firm noted positive signals across the warehouse automation sector, including peer KION’s order intake in Supply Chain Solutions and encouraging commentary from other industry participants, suggesting larger automation projects are returning, particularly in e-commerce.
While the exact timing remains uncertain, Berenberg anticipates Interroll’s order intake will inflect in late H2 2025 or early H1 2026, as improved demand at system integrators flows through the value chain to component providers like Interroll.
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