UBS cuts Epiroc to 'sell,' sees capex supercycle already priced in
23/06/2026 08:52
BUZZ-UBS cuts Epiroc to 'sell,' sees capex supercycle already priced in ** UBS downgrades Swedish mining equipment manufacturer Epiroc EPIRa.ST to "sell" from "neutral," citing primarily valuation
** The broker notes the current share price discounts a capital expenditure supercycle scenario, which it views as "overly ambitious at this juncture"
** This priced-in scenario implies a 15% top-line revenue growth and a 40% drop-through over a three-year period
** Despite the rating downgrade, the brokerage raises its target price by 15% to SEK 230
** Epiroc shares slide 4.3% in morning trade and are on track for their worst day since March
(Reporting by Agnieszka Olenska)
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