Citigroup reiterates its Buy recommendation on mining equipment company Epiroc and raises the price target to SEK 317 from SEK 301. This is according to a recent analysis.
The bank expects order intake to exceed consensus in the third quarter, driven by stronger equipment orders.
Heading into 2027, order momentum is expected to increase further, particularly in South and North America. Citigroup is 8 and 10 percent above consensus for equipment orders in 2027 and 2028, respectively, and 5–6 percent above consensus for earnings per share for the later forecast years.
