TD Cowen analyst Jeff Osborne maintained a Buy rating on Landis+Gyr Group AG today and set a price target of CHF75.00.
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Jeff Osborne has given his Buy rating due to a combination of factors that highlight Landis+Gyr Group AG’s strategic improvements and financial resilience. The company’s decision to exit the EMEA market has led to a significant rebound in margins, with management raising their EBITDA guidance for FY25. This move simplifies the portfolio and provides funds for a substantial share buyback program, indicating confidence in the company’s future performance.
Moreover, the Americas region has shown strong momentum, with an impressive adjusted EBITDA margin despite some revenue challenges. The company’s backlog has reached a record $4 billion, with a significant portion being recurring revenue, which bodes well for future stability. Although there are some challenges in the APAC region and a delayed U.S. listing, the overall outlook remains positive, supported by strong order intake and a commitment to regular updates on financial performance.
According to TipRanks, Osborne is a 4-star analyst with an average return of 5.4% and a 46.76% success rate. Osborne covers the Technology sector, focusing on stocks such as SolarEdge Technologies, First Solar, and Sunrun.