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Investing.com - UBS has upgraded Interroll Holding AG (SWX:INRN) from Neutral to Buy, while raising its price target to CHF2,306.00 from CHF1,798.00.
The Swiss material handling equipment manufacturer’s shares have underperformed global warehouse automation peers year-to-date, amid investor concerns about near-term orders and the company’s approximately 25% exposure to e-commerce sales.
UBS notes that macroeconomic conditions will be more influential for Interroll’s growth prospects, with UBS economists forecasting accelerated growth in fixed investments and industrial production, particularly in Europe by mid-2026.
This positive economic backdrop should support Interroll’s order and sales momentum, especially considering that about 59% of the company’s revenues come from the EMEA region, according to UBS.
The investment bank forecasts Interroll will achieve organic sales growth of approximately 4% in fiscal year 2025, 9% in 2026, and 6% in 2027, with the stock currently trading at an EV/EBIT (next year) multiple of 17.2x, broadly in line with the company’s 15-year average.
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