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UBS has maintained a "Buy" rating for Krones, setting a target price of 145 euros. Following a recent conference, the beverage bottling equipment manufacturer expressed optimism about demand and competitive conditions, indicating potential for margin improvements. Despite this positive outlook, short-term market interest in Krones may be limited.
KRONES AG, a German company, specializes in designing and manufacturing machines and systems for processing, packaging, and bottling. Their expertise includes technologies for blow molding, filling, labeling, and PET recycling, alongside providing logistics and IT solutions for the food and beverage sector.
UBS has upgraded Krones to a 'Buy' rating with a target price of 145 euros following a conference call discussing quarterly figures. Analyst Sven Weier noted the CEO's expectation of a positive order/sales ratio for the current year, while forecasts for 2024 to 2026 remain unchanged. As of November 5, Krones shares traded at 118.40 euros, reflecting a 0.85% increase.
UBS has maintained its "Buy" rating for Krones, setting a target price of 145 euros. Analyst Sven Weier noted that the company's order situation remains robust, aligning with long-term trends, and anticipates stability in the third quarter compared to the previous quarter.
Krones AG
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ubs maintains buy rating for krones with target price of 145 euros
13:25 13.11.2024
krones ag advances packaging and bottling technology for food and beverage industry
17:26 05.11.2024
ubs upgrades krones to buy with target price of 145 euros
16:38 05.11.2024
ubs maintains buy rating for krones with target price of 145 euros
07:48 30.10.2024
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