CPSE:FLSMachinery
Broker Upgrade On Turnaround Progress Could Be A Game Changer For FLSmidth (CPSE:FLS)
Earlier this week, Danish engineering group FLSmidth was upgraded from "hold" to "buy" by ABG Sundal Collier, with the broker citing expectations of stronger financials, margin expansion and support from higher metal prices as the company exits a major restructuring phase under departing CEO Mikko Keto.
The upgrade underscores how FLSmidth’s completed turnaround and exposure to improving metals markets are reshaping expectations for its order pipeline and profitability profile.
We’ll now...