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Investing.com - Deutsche Bank lowered its price target on Alfa Laval AB (SS:ALFA) stock to SEK468.00 from SEK472.00 while maintaining a Buy rating ahead of the company’s upcoming quarterly results.
The Swedish industrial company is scheduled to report its third-quarter results on October 28, with expectations described as "muted" by the research firm.
Deutsche Bank expects Alfa Laval’s Marine division to face a challenging quarter due to difficult year-over-year comparisons for pumping systems, though this may be partially offset by growth in other segments within the division.
The bank anticipates improving sequential growth in the Energy division, while the Food & Water division is expected to deliver better margins in the second half of the year.
Deutsche Bank’s revised estimates align with consensus, projecting group orders of 17.3 billion Swedish kronor (down 7% organically year-over-year), group revenue of 17.2 billion kronor (up 8% organically year-over-year), and adjusted EBITA of 3.1 billion kronor at an 18.3% margin.
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