UBS upgraded Atlas Copco to neutral from sell. The bank raised its price target for the industrial group to 195 kronor from 150 kronor.
Analysts expect a stronger semiconductor investment cycle to benefit the Vacuum Technique business area. UBS also noted signs of a recovery in short-cycle demand, which supports the Compressor Technique division.
The bank increased its earnings forecasts for 2026-2028 by 7% to 22%. This improved cyclical outlook now outweighs previously identified structural risks.