SB1 Markets downgrades the recommendation for mining equipment company Epiroc to Neutral from Buy and the price target to SEK 280 from SEK 305.
The bank expects continued strong demand in Equipment and Service, driven by high copper and gold prices, and forecasts 7 percent order growth and 16 percent EBIT growth in 2027.
At the same time, forecasts for 2026-2027 are slightly below consensus. SB1 believes the valuation already reflects high expectations for order intake, margin improvements and positive volume effects.
