Tiger Brokers

BUZZ-Dormakaba rises after Barclays 'overweight' initiation

Reuters
Sep 11
BUZZ-Dormakaba rises after Barclays 'overweight' initiation

** Shares of dormakaba DOKA.S are up around 4% after Barclays initiates the Swiss security solutions provider with an "overweight" rating

** The broker believes the company's strategic refocus on the US will lead to gains in North America as sales in non-residential construction recover

** Furthermore, the analysts point to several cost savings programmes that should help close the operating margin to its direct peers Assa Abloy ASSAb.ST and Allegion ALLE.N

** Barclays forecasts above-sector earnings growth and faster margin expansion, which it says are not currently reflected in the company's valuation

** If gains hold, the stock will see its biggest one-day rise in nearly two months

(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10