GS double ugrades Metso, says sector headwinds fade away

Metso Oyj

18/02/2025 09:30

** Goldman Sachs raises Finnish Metso  METSO.HE  to "buy"
from "sell", seeing infrastructure and inventory headwinds
fading for the Finnish mining equipment maker
    ** The broker hikes its adjusted EBITA forecasts by 5.2% for
2025 and 8.4% for 2026, following stronger-than-expected Q4
results, and to reflect the improving data in North American
infrastructure markets
    ** It previously saw risks from destocking within a weak
demand environment for the Aggregates market and constraints to
overall equipment mining orders from permitting 
    ** Metso shares were up about 2% in early trading in
Helsinki

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))