Kepler Cheuvreux ups Aalberts to 'buy' on expected earnings inflection

Aalberts

02/03/2026 10:23

** Kepler Cheuvreux raises Dutch industrial technology firm Aalberts AALB.AS to "buy" from "hold", citing an expected earnings inflection in 2026

** The broker anticipates the turnaround will be driven by a semiconductor market recovery, building margin normalisation and a shift to higher-barrier assets

** The company announced last week it expects improvements on organic revenue growth and EBITA margin in 2026

** Kepler forecasts EBITA to grow to 514 million euros ($601.64 million) by FY 2028 from an estimated 410 million euros in FY 2025

** The broker raises its PT by 47% to EUR 44, stating the stock's current 50% valuation discount to peers looks "overly harsh" given the outlook

** Out of 10 analysts that cover Aalberts, five rate it "strong buy"/"buy",​ four "hold" and one "sell" - LSEG data

($1 = 0.8543 euros)

(Reporting by Clement Martinot)

((Clement.Martinot@thomsonreuters.com;))