UBS upgrades Belimo to 'buy' on data centre growth potential
BUZZ-UBS upgrades Belimo to 'buy' on data centre growth potential ** UBS upgrades heating and ventilation solutions maker Belimo BEAN.S to "buy" from "neutral", citing stronger growth potential from data-centre construction
** Broker says new data points to a stronger medium-term project pipeline than is reflected in the share price
** UBS raises its data centre revenue forecasts and expects organic sales growth of about 12% annually between 2026 and 2030
** It expects the adjusted EBIT margin to rise to 25.6% by 2030, helped by economies of scale and execution improvements
** UBS says its 2027 and 2028 EPS forecasts are 10%-11% above consensus estimates
** The broker raises its PT to 900 CHF from 827 CHF
** Out of 13 analysts that cover Belimo, 7 rate stock "strong buy" or "buy," 4 rate "hold" and 2 rate it "strong sell" or "sell" -- LSEG data
(Reporting by Aleksandra Kret in Gdansk)