Kepler expects tariffs to boost Konecranes, ups to 'buy'

Konecranes Oyj

11/04/2025 09:53

** Kepler Cheuvreux raises Konecranes KCRA.HE to "buy" from "hold" as it expects the Finnish company, the only non-Chinese supplier of larger port cranes, to eventually benefit from U.S. tariffs

** U.S. President Donald Trump's change of mind on full-blown tariffs may lead to short term hesitation on investment decisions, affecting Konecranes' order backlog at end-2025 and into next year, Kepler says

** The broker notes, however, that the trade war will most likely lead to relocation of manufacturing capacity and some added portside capacity outside of China, both being beneficial for Konecranes

** Out of nine analysts that cover Konecranes, seven rate it "strong buy" or "buy" and two rate it "hold"

 (Reporting by Elviira Luoma)

 ((elviira.luoma@thomsonreuters.com))