Handelsbanken reiterates its Buy rating and price target of 200 kronor for climate control company Munters after yet another quarter with exceptionally strong order intake, according to a recent analysis.
Data center orders worth 4.9 billion kronor lifted the order book to a record-high 22.9 billion kronor. The bank expects order intake to drive sharply higher sales and earnings in 2027 and raises its earnings forecast for 2028 by 5 percent.
Profitability in the data center operations continues to be weighed down by component shortages, but Handelsbanken expects gradually improving margins in 2027.
The research house sees significant upside in the share, which is now trading at around 135 kronor.
