Konecranes (Buy, TP: EUR55.00) - No drama

We have made limited changes to our 2024–2026 forecasts following an overall neutral Q1 (minor order miss but small profit beat versus our expectations), and an unchanged market outlook and 2024 guidance. We reiterate our BUY and EUR55 target price.

Konecranes (Buy, TP: EUR55.00) - Slightly cautious ahead of Q1 report

For the Q1 results, our focus is on orders, profitability and the market outlook, as we are slightly cautious due to tough comparables, a more optimistic consensus and the recently strong share price. However, we continue to like the overall case, and have increased our 2024–2026e clean EPS by c3% on average. We reiterate our BUY and have raised our target price to EUR55 (50).

Konecranes (Buy, TP: EUR50.00) - On the right track

The solid Q4 orders and earnings and 2024 outlook and guidance support our view that Konecranes continues to move in the right direction. We have raised our 2024–2025e clean EPS by c5% on average and our target price to EUR50 (45), and reiterate our BUY.

Cargotec Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances

Summary Marketline's Cargotec Oyj Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Cargotec Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports o...

Konecranes (Buy, TP: EUR45.00) - 2024 set to be similar to 2023

We reiterate our BUY and have raised our target price to EUR45 (40) after increasing our 2024–2025e clean EPS by 4% on average. In the Q4 report, we will focus on orders and the 2024 guidance, which we believe may be for flat to slightly growing sales and a flat clean EBITA margin YOY, coming as a positive surprise to consensus (10.8% clean EBITA margin versus 11.5% in 2023e).

Konecranes (Buy, TP: EUR40.00) - Port orders troughed in Q3

Following mixed Q3 results (earnings beat, orders miss), we have made minor 2023–2025e clean EBITA changes (c1%). We continue to see earnings-quality improvement, and an attractive dividend yield and valuation. We reiterate our BUY and EUR40 target price.

Konecranes (Buy, TP: EUR40.00) - Focus on orders and profitability

In the Q3 results, we plan to focus on orders, the outlook and the clean EBITA margin. We expect orders to decline but margins to expand YOY. We have made minor group 2023–2025e changes but have lowered our target price to EUR40 (43). We reiterate our BUY.

Cargotec Oyj - Strategy, SWOT and Corporate Finance Report

Summary Cargotec Oyj - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Cargotec Oyj (Cargotec) is a provider of cargo and load handling systems and services. Its portfolio of services includes on-road load handling solutions, marine cargo flow solutions and offshore...

Northern Lights

Konecranes (Buy, TP: EUR43.00) - Demand set to slow

We have lowered our 2024–2025e operating EPS by c2% on average, but reiterate our BUY and EUR43 target price. Slowing demand is reflected in our estimates and consensus, and the valuation continues to appear attractive to us.

Northern Lights

Konecranes (Buy, TP: EUR43.00) - Solid Q2e in the making

We have a positive view going into Konecranes’ Q2 results (due on 26 July, time tbc), given our above-consensus (post-Q1) order and clean EBITA estimates. We have raised our 2023–2025e clean EPS by c3% and reiterate our BUY and EUR43 target price.

Konecranes Oyj: 1 director

A director at Konecranes Oyj bought 793,123 shares at 36.000EUR and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

Northern Lights

Konecranes (Buy, TP: EUR43.00) - Ambitious new targets

Konecranes’ CMD (on 10 May) yielded more ambitious new financial targets than we expected, but the overall strategic focus was as expected. We have raised our 2024–2025e clean EPS by c6% on average, and our target price to EUR43 (39). We reiterate our BUY on still-positive earnings trends and an attractive valuation.

Konecranes (Buy, TP: EUR39.00) - Strength all over – next step CMD

We have raised our 2023–2025e clean EPS by 9% on average. We reiterate our BUY and have increased our target price to EUR39 (35). We still see positive earnings trends and an attractive valuation. The new CEO is set to provide new financial targets at the CMD on 10 May.

Konecranes (Buy, TP: EUR35.00) - Focus shifting to CMD and targets

We expect Q1 orders to decline by 10% YOY, mainly due to tough comparables (results due on 28 April, no details). We believe focus is shifting to the CMD (scheduled for 11 May) and new financial targets. We have trimmed our 2023–2025e clean EPS, but reiterate our BUY and EUR35 target price.

Northern Lights

Konecranes (Buy, TP: EUR35.00) - Still room for improvement

We believe our case elements were confirmed at a DNB-hosted investor roadshow with the CFO and IR yesterday. Konecranes has room to grow sales, especially in Services, and improve profitability, especially in Industrial Equipment. We reiterate our positive stance based on self-help actions, CMD focus and valuation.

Northern Lights