TD Cowen analyst Jeff Osborne maintained a Buy rating on Landis+Gyr Group AG (LGYRF – Research Report) today and set a price target of CHF83.00.
Jeff Osborne’s rating is based on a combination of factors that suggest a positive outlook for Landis+Gyr Group AG. The company has taken proactive steps to mitigate the impact of tariffs by shifting some manufacturing and becoming compliant with the USMCA, which should help offset potential challenges. Additionally, the recent sale of the EV business and potential monetization of the European metering business could provide financial flexibility for buybacks or dividends.
Furthermore, Osborne notes that the company’s guidance aligns with consensus expectations, and the objective to maintain a book-to-bill ratio above 1 suggests strong demand. The company’s operations are also seen as resilient to political changes, as shipments are approved at the state level. These factors collectively contribute to Osborne’s confidence in the company’s performance, leading to a Buy rating.
According to TipRanks, Osborne is an analyst with an average return of -2.0% and a 36.45% success rate. Osborne covers the Technology sector, focusing on stocks such as Cerence, Enphase Energy, and First Solar.