NuWays cuts Indus to Hold, keeps EUR 41 price target
Bitget2026/10/08 07:00NuWays cut its rating on Indus to HOLD from a higher stance, citing a roughly 60% share-price rally since July. Price target stayed at EUR 41 on a 12-month view, with the stock now trading in line with the target. NuWays flagged tungsten carbide-driven windfall profits at BETEK, lifting Materials Solutions adj. EBITA margin to 22.4% in H1 2026. Spot-price uncertainty remains; management sees tungsten prices peaking, with a sharp drop posing inventory-related margin risk. NuWays expects stronger H2 2026 growth in Engineering and Infrastructure, with management anticipating at least one more FY2026 acquisition. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indus Holding AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27036) on October 08, 2026, and is solely responsible for the information contained therein.
- NuWays cut its rating on Indus to HOLD from a higher stance, citing a roughly 60% share-price rally since July.
- Price target stayed at EUR 41 on a 12-month view, with the stock now trading in line with the target.
- NuWays flagged tungsten carbide-driven windfall profits at BETEK, lifting Materials Solutions adj. EBITA margin to 22.4% in H1 2026.
- Spot-price uncertainty remains; management sees tungsten prices peaking, with a sharp drop posing inventory-related margin risk.
- NuWays expects stronger H2 2026 growth in Engineering and Infrastructure, with management anticipating at least one more FY2026 acquisition.
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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