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Investing.com - Deutsche Bank (ETR:DBKGn) has raised its price target on Palfinger (VIE:PALF) AG (VIE:PAL) (OTC:PLFRY) to EUR50.00 from EUR43.00 while maintaining a Buy rating on the stock.
The Austrian crane manufacturer reported a 2% year-over-year decrease in revenue for the second quarter of 2025, with EBIT declining 13% compared to the same period last year.
Palfinger’s EBIT margin contracted to 8.6%, representing a 106 basis point decline from the previous year, as lower input costs failed to offset negative impacts from an unfavorable business mix and reduced business volume.
The company’s order backlog remains 8% lower than the previous year, but order intake has shown improvement since Q4 2024, with Deutsche Bank calculating a 7% year-over-year increase in Q2 2025 orders.
Regional performance varied, with LATAM business remaining stable, while APAC (driven by India) and MARINE segments continued to show positive momentum, and North America displayed a slight upward trend in orders.
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