• (PLX AI) – Alfa Laval shares were down 2% in Stockholm after analysts at Goldman Sachs reiterated a sell recommendation on the stock.
  • • Alfa Laval is likely to experience unfavorable pricing on its existing backlog, which will further dilute margins in coming quarters, Goldman said
  • • Price target SEK 209 implies downside of 18% from yesterday's close
  • • Alfa Laval's adjusted EBIT margin was steady in Q1 at 17.1%, when sales and profits missed consensus expectations even as orders were higher than expected
  • • Supply chain disruptions are likely to continue to delay deliveries, in particular in the Food & Water division but also in Marine, due to the substantial cut to industrial production in China, Goldman said

Quelle: PLX AI