Bubble or no bubble, this is the best stock for AI exposure: analyst
Investing.com - JPMorgan downgraded IMCD NV (AS:IMCD) from Overweight to Neutral on Friday, while significantly reducing its price target to EUR82.00 from EUR130.00.
The downgrade comes as JPMorgan cut its fourth quarter 2025 adjusted EBITA estimate by 4% to EUR114 million, representing a 10% year-over-year organic decline and 2% below Bloomberg consensus.
The investment bank also reduced its fiscal year 2026 and 2027 adjusted EBITA forecasts by 8% and 11% to EUR501 million and EUR518 million respectively, placing these estimates 7% and 12% below consensus.
JPMorgan’s reported EPS estimates for fiscal years 2026 and 2027 were cut by 18% and 20% to EUR3.90 and EUR4.34, both 19% below consensus expectations.
The firm cited significant estimate reductions, a higher weighted average cost of capital of 9.5% versus 7.5% previously, and a lower premium for future acquisitions as key factors behind the price target reduction, with the new target date extending to December 2027.
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