Berenberg Remains Upbeat on Belimo's Growth Outlook; Buy Rating Kept

12:47 PM EDT, 10/27/2026 (MT Newswires) -- Berenberg retained Belimo's (BEAN.SW) buy rating, saying it remains positive about the company's growth outlook thanks to accelerating hyperscaler investments in data center infrastructure. "With consensus expecting hyperscaler capex to increase by around 40-45% in H2 2026 versus H1, we see upside to our top-line estimates despite fading pricing benefits and tougher comparables. We believe H2 revenues of CHF690m are achievable, implying FY 2026 sales of CHF1,366m, c2% above consensus," according to a Tuesday note. Analysts also see scope for a 2026 EBIT margin of 22.5%, above the 22% consensus, implying an EBIT of 307 million francs and supporting further upgrades to consensus earnings. The research firm maintained the stock's price target at 1,100 francs.