JPMorgan analyst Andrew Wilson downgraded Schindler (SHLAF) to Underweight from Neutral with a price target of CHF 245, up from CHF 235. The firm believes the European capital goods sector in 2025 will continue to demonstrate its shift towards quality from cyclical and that the structural supports to demand are real. However, the cycle matters and recent geopolitical events have heightened the level of macro uncertainty, the analyst tells investors in a research note. JPMorgan adjusted ratings as part of its 2025 outlook.
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Read More on SHLAF:
- Schindler upgraded to Overweight from Equal Weight at Barclays
- Schindler price target raised to CHF 270 from CHF 260 at RBC Capital
- Schindler price target raised to CHF 255 from CHF 230 at Citi
- Schindler price target raised to CHF 274 from CHF 261 at Deutsche Bank
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