Munters Group AB (MMNNF – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Adela Dashian from Jefferies maintained a Buy rating on the stock and has a SEK230.00 price target.
Adela Dashian has given his Buy rating due to a combination of factors including Munters Group AB’s strong performance in certain business segments and the company’s strategic initiatives. The firm recorded a significant increase in net sales for the fourth quarter of 2024, driven primarily by the DCT and FoodTech segments, which showed substantial organic growth.
Although the AirTech segment experienced challenges due to lower production utilization, Munters has implemented measures to address these issues, such as workforce reduction and manufacturing optimization. Furthermore, the unexpected positive order intake in the DCT segment suggests potential for continued growth, and the company anticipates improvement in AirTech margins in the near future. These elements together support the Buy recommendation for Munters’ stock.