TSX higher on employment data
Investing.com - JPMorgan has reiterated an Overweight rating and EUR12.50 price target on Metso OYJ (METSO:FH) stock, placing it on Positive Catalyst Watch ahead of the company’s Capital Markets Day (CMD) scheduled for October 2.
The upcoming CMD will mark the first such event under Metso’s new CEO and CFO leadership, with the previous CMD having been hosted in 2022 following the merger of Metso and Outotec .
JPMorgan notes that Metso has made significant progress since the merger, with group margins now approximately 390 basis points higher than in 2021, driven by portfolio actions and strong improvement in both the Minerals and Aggregates businesses.
The investment bank expects the next phase of Metso’s story to focus on mining demand tailwinds, profitability improvements toward 20% in the Minerals segment, and growth opportunities through both organic means and potential mergers and acquisitions.
JPMorgan believes that additional information on profitability initiatives and capital allocation at the CMD should provide an attractive setup for Metso heading into 2026 and beyond, with positive outlooks for both the Minerals and Aggregates segments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.