reports
- Antti Kansanen
Prospects of new margin targets
We have upgraded Konecranes to BUY (HOLD) with a target price of EUR46 (39) following a change of analyst. We expect management to announce an ambitious long-term 12% EBITA margin target well before December’s CMD, possibly with the Q3 results (due at 09:00 EEST on 25 October; we are 3% above consensus on adj. EBITA). We expect the CMD agenda to focus on the services business, and see it as an opportunity for management to update on progress on the MHPS integration and the EUR140m synergy targ...
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