ALFA LAVAL : UBS maintains its 'sell' recommendation, raises its target
June 18, 2024 at 09:10 am
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UBS reaffirms its 'sell' recommendation on Alfa Laval while raising its target price from SEK 334 to SEK 398, a new target which nevertheless leaves 15% downside potential for the Swedish engineering group's stock.
While Alfa looks likely to outperform the order consensus in the short term, we see the opposite for subsequent quarters", warns the broker about the heat exchange, fluid separation and transfer specialist.
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Alfa Laval AB specializes in the design, manufacturing and marketing of equipment and industrial systems for heating, cooling, separating and transporting of substances (oil, water, chemical and food substances, drinks, drugs, etc.). The activity is organized mainly arounf two families of products:
- solid and liquid treatment systems: systems for cooling, evaporation, extraction, drying, etc. intended primarily for the food processing, pharmaceutical, petrochemical, and energy sectors;
- production process equipment: decanters, heat exchangers, pumps, valves, air and liquid filtration systems, etc.
Net sales are distributed geographically as follows: Sweden (2.2%), Europe (32.5%), China (14.1%), South Korea (5.5%), Asia (18.2%), United States (16.7% ), North America (2.1%), Latin America (5.6%), Africa (1.9%) and Oceania (1.2%).
ALFA LAVAL AB 
