Montega starts Zumtobel coverage with Buy, sets EUR 6.50 price target
Bitget2026/09/24 13:12- Montega initiated coverage of Zumtobel with a Buy rating, setting a 12-month price target of EUR 6.50.
- Report highlights a shift toward vertically integrated lighting systems, combining project-led Lighting with Tridonic electronics and controls.
- Near-term pressure seen from weak European non-residential construction, weighing on sales and margins in the core Lighting business.
- Modernization demand tied to EU building-efficiency rules, rising connected-lighting adoption seen supporting growth in smart building solutions.
- Montega expects earnings to recover from fiscal 2027/28 as cost cuts take hold, construction improves, and mix shifts toward higher-margin offerings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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