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Investing.com - Goldman Sachs upgraded Konecranes OYJ (HE:KCR) from Neutral to Buy and raised its price target to EUR95.00 from EUR60.00, implying 33% upside potential.
The investment bank cited structural growth in the company’s Port Solutions segment, driven by U.S. replacement demand that is expected to offset near-term headwinds in Industrial Equipment and Services caused by macroeconomic uncertainty.
Goldman Sachs analyst Daniela Costa increased 2025 adjusted EBITA estimates by approximately 18% following Konecranes’ strong second-quarter performance, positioning the firm’s forecasts 4-16% ahead of consensus EPS expectations for fiscal years 2025-2027.
Konecranes, one of the largest global crane manufacturers, could see additional catalysts from increased cash returns to shareholders by year-end, according to the research note.
The new price target represents the highest upside in Goldman Sachs’ coverage universe, reflecting renewed confidence in the Finnish company’s growth trajectory despite mixed conditions across its business segments.
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