UBS Upgrades FLSmidth to Buy, Increases Price Target on Margin Gains

UBS has upgraded FLSmidth to a “buy” rating. The investment bank also raised its target price for the company. This adjustment reflects anticipated margin gains for FLSmidth. The target price increase amounts to 22%. its first-quarter earnings with net profits exceeding analyst expectations. The bank's profits increased by 80% to $3 billion for the quarter. This article is intended for informational purposes only. It does not constitute investment advice.