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07.07.2018
07.07.2018
Attached / found by: Erste Group Research (BSN note: scrolling text in the original of the broadcaster, title (still) and illustration (often) by boerse-social.com from photaq.com's Photographic Archive]
From Erste Group's weekly business economics: Palfinger takes advantage of the good demand expected from the construction sector, which represents 50% of the turnover. In this context, infrastructure programs and the trend of urbanization provide important support. For the marine sector, which has been under pressure for three years, we are already seeing positive momentum for services, which is a good leading indicator for new product sales. The ongoing restructuring program is also expected to increase the profitability of the division in the coming years. On the evaluation side, Palfinger has registered discounts for its biggest competitor, Cargotec, which we believe is not justified. So we confirmed our Buy score, the price target was reduced from 40.1 EUR to 38.9 € due to slightly more conservative growth rates.
Companies in the article
Cargotec
Palfinger
Palfinger, Truck, Lift, Lifting platform, credit: Palfinger © Issue
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palfinger_notiert_mit_abschlagen_zum_grossten_konkurrent_cargotec
Photo Credits [19659012] 1. Palfinger, truck, lift, platform lift, credit: Palfinger
, (© broadcasting) >> Open on photaq.com
Actions on the radar: Tesla WireCard Zumtobel Polytec .
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Palfinger, Truck, Lift, Lift, Credit: Palfinger, (© Aussendung)
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