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On Wednesday, Kepler Cheuvreux analysts initiated coverage on Palfinger (VIE:PALF) AG stock with a Buy rating. The analysts set a price target of €39, indicating optimism about the company’s potential for growth in the coming years.
The analysts at Kepler Cheuvreux highlighted that Palfinger AG, which trades on the Vienna Stock Exchange under the ticker PAL:AV and over-the-counter as PLFRY, is poised for a recovery. This expectation follows a challenging 2024, largely attributed to a sluggish construction sector. The anticipated recovery is expected to be driven by a cyclical upturn in Europe.
According to the analysts, Palfinger is expected to return to growth throughout 2025, with further acceleration into 2026. This growth could be bolstered by the German infrastructure package and the possibility of a peace agreement between Russia and Ukraine.
Despite the positive year-to-date performance, the analysts find the current valuation of Palfinger shares appealing. They noted that the shares are trading below historical averages, presenting what they see as an attractive risk-reward opportunity.
Kepler Cheuvreux’s initiation of coverage reflects confidence in Palfinger’s ability to navigate the current market challenges and capitalize on future opportunities.
In other recent news, Palfinger AG has received an upgrade in its stock rating from Berenberg analysts. The rating was raised from Hold to Buy, with a new price target set at EUR32.00, up from the previous EUR24.00. This change is attributed to signs of recovery in end-market demand, particularly a positive shift in orders for the fourth quarter of 2024. Analysts have highlighted an increase in sentiment within the construction sector, which is expected to enhance Palfinger’s performance. The construction industry’s demand is crucial for Palfinger, known for its lifting solutions used in construction projects. Additionally, the company is focusing on improving its margins through internal strategies aimed at boosting profitability and efficiency. Berenberg’s analysis suggests that these combined factors set the stage for potential growth in Palfinger’s stock value. The new price target reflects this anticipated growth, indicating a positive outlook for the company.
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