Oerlikon jumps after UBS upgrades to 'buy' on recovery hopes
15/07/2026 11:05
BUZZ-Oerlikon jumps after UBS upgrades to 'buy' on recovery hopes ** Oerlikon OERL.S up 8.2% at CHF 4.87 at 09:49 GMT after UBS upgrades to "buy" from "neutral"
** UBS cites a stronger earnings recovery for the Swiss surface-solutions group as industrial demand improves
** "The time is now," UBS writes, saying the market underestimates both the pace and quality of OERL's recovery
**Broker points to strong Q1 orders, improving manufacturing activity and demand from aviation, energy and materials markets
**UBS raises its price target to CHF 5.70 from CHF 3.80, implying about 26% upside from Tuesday's close
** Stock up ~51% YTD
($1 = 0.8101 Swiss francs)
(Reporting by Kira Britten)