Montega Cuts EDAG Price Target to EUR 5 From EUR 5.50

Bitget2026/10/27 13:29

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Montega cut EDAG Engineering Group’s 12-month price target to EUR 5 from EUR 5.50, maintaining Buy on October 27, 2026.
The company now forecasts a 2026 revenue decline of up to 10%, versus a previous range of -5% to 0%.
Montega lowered its revenue estimate to EUR 649.4 million from EUR 688.1 million.
Its adjusted EBIT forecast remained EUR 8.8 million, with cost savings supporting profitability despite weaker demand.
Third-quarter adjusted EBIT margin rose to 2.7% from 1.7%, despite a 9% revenue decline.

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. EDAG Engineering Group AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27202) on October 27, 2026, and is solely responsible for the information contained therein.

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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Montega Cuts EDAG Price Target to EUR 5 From EUR 5.50

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