Kone: Credit Suisse raises target price
(CercleFinance.com) - This morning, Credit Suisse analysts said that that they have raised their target price for the share of Finnish lift maker Kone, while maintaining their "Outperform" rating on it.
"We raise our 2020 estimates by c5% to the top end of the company's upgraded guidance range post very strong Q2 performance (stable top-line and adj EBIT) despite impact from lockdowns," the broker said.
Credit Suisse has therefore raised its target price from 58 euros to 71 euros.
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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.
"We raise our 2020 estimates by c5% to the top end of the company's upgraded guidance range post very strong Q2 performance (stable top-line and adj EBIT) despite impact from lockdowns," the broker said.
Credit Suisse has therefore raised its target price from 58 euros to 71 euros.
Copyright (c) 2020 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.