BUZZ-GS double ugrades Metso, says sector headwinds fade away
ReutersFeb 18, 2025 9:30 AM
Goldman Sachs raises Finnish Metso METSO.HE to "buy" from "sell", seeing infrastructure and inventory headwinds fading for the Finnish mining equipment maker
The broker hikes its adjusted EBITA forecasts by 5.2% for 2025 and 8.4% for 2026, following stronger-than-expected Q4 results, and to reflect the improving data in North American infrastructure markets
It previously saw risks from destocking within a weak demand environment for the Aggregates market and constraints to overall equipment mining orders from permitting
Metso shares were up about 2% in early trading in Helsinki
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