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Epiroc Slips as BofA Sees Unjustified Valuation, Keeps Underperform

(PLX AI) – Epiroc shares fell 1.5% as analysts at Bank of America said the company's valuation was unjustified and reiterated an underperform rating on the stock. Price target SEK 155 implies 29% downsideWith 75% revenue exposure to the cyclical …

  • (PLX AI) – Epiroc shares fell 1.5% as analysts at Bank of America said the company's valuation was unjustified and reiterated an underperform rating on the stock.
  • Price target SEK 155 implies 29% downside
  • With 75% revenue exposure to the cyclical mining market, Epiroc is facing China-related uncertainties similar to those that triggered a mining recession in the middle of the last decade, BofA said


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Autor: PLX AI
02.12.2021, 10:13  |  101   |   |   

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Epiroc Slips as BofA Sees Unjustified Valuation, Keeps Underperform (PLX AI) – Epiroc shares fell 1.5% as analysts at Bank of America said the company's valuation was unjustified and reiterated an underperform rating on the stock. Price target SEK 155 implies 29% downsideWith 75% revenue exposure to the cyclical …

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