Barclays Sticks to Its Hold Rating for Schindler Holding AG (SHLAF)

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In a report released yesterday, Lars Brorson from Barclays maintained a Hold rating on Schindler Holding AG (SHLAFResearch Report), with a price target of CHF233.00. The company’s shares closed last Thursday at $268.50, close to its 52-week low of $258.70.

Brorson has an average return of 3.1% when recommending Schindler Holding AG.

According to TipRanks.com, Brorson is ranked #2839 out of 7771 analysts.

Schindler Holding AG has an analyst consensus of Moderate Buy, with a price target consensus of $304.32, implying a 14.5% upside from current levels. In a report issued on January 4, J.P. Morgan also maintained a Hold rating on the stock with a CHF280.00 price target.

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Based on Schindler Holding AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.81 billion and net profit of $234 million. In comparison, last year the company earned revenue of $2.75 billion and had a net profit of $235 million.

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Schindler Holding AG engages in the design, manufacture, and installation of elevator and escalator systems. It also offers moving walks, transit management solutions, and related maintenance and repair services. The company was founded by Robert Schindler and Eduard Villiger in 1874 and is headquartered in Hergiswil, Switzerland.

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