Goldman Sachs raises Schindler to neutral after underperformance

Schindler Holding AG

13/04/2026 08:36

** Goldman Sachs upgrades Swiss liftmaker Schindler  SCHP.S to "neutral" from "sell" after shares underperformed the brokerage's expectations over the last twelve months

** Shares were up 5% over the period compared to a multi-industry coverage average of 42%, the brokerage says

** GS says structural headwinds in China are now less relevant as China makes up a smaller percentage of sales than in 2021

** The brokerage expects 2026 growth to hit the top of the group's low- to mid-single-digit target, helped by backlog conversion growth

** GS sees the upcoming CMD on June 3 as a potential opportunity for capital allocation

** Of 16 analysts who cover Schindler, 11 rate the stock "hold" and five rate the stock "buy" or "strong buy"

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))