Research firm Inderes has reiterated its "reduce" recommendation for Kalmar, maintaining an unchanged target price of 39 euros after the company's analyst and investor call ahead of the third quarter's quiet period. According to Inderes, the market situation has not changed significantly compared to the outlook presented in the second quarter report.
Kalmar is expected to face a continued subdued market in the second half of the year due to prevailing uncertainty. However, the effects of delivery delays and U.S. tariffs are considered to be limited and manageable through pricing strategies. As a result, Inderes sees no immediate need to adjust its estimates ahead of Kalmar's report on October 31.
