Kone: BarCap keeps 'equal weight' rating after investor day
(CercleFinance.com) - BarCap maintains its "equal weight" rating on the Kone stock, with a target price of 39 euros after the Finnish lift maker hosted its capital markets day in Helsinki on Tuesday.
The broker says that the event offered little news in terms of material updates - with outlook/guidance unchanged - and did little to alter its cautious view on the elevators and escalators (E&E) sector and the structural challenges it faces in China.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says that the event offered little news in terms of material updates - with outlook/guidance unchanged - and did little to alter its cautious view on the elevators and escalators (E&E) sector and the structural challenges it faces in China.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.