06:58 AM EDT, 07/22/2026 (MT Newswires) -- AlphaValue/Baader Europe lifted its price target for Belimo (BEAN.SW) to 842 francs from 822 francs following a robust first-half financial performance on the back of tailwinds related to data center cooling. The research firm expects the Swiss heating, ventilation, and air-conditioning control devices company to continue benefiting from rising demand for liquid-cooling technologies as its data center business grows further. As such, analysts increased their full-year 2026 and 2027 EBIT forecasts by 3.1% and 4.1%, respectively, while that for 2028 was raised by 3.2%. "However, we maintain our cautious stance given the current valuation and reiterate our Reduce recommendation. While Belimo's fundamentals remain strong, the current valuation appears increasingly dependent on the continued expansion of its data-centre activities, which now account for roughly 25% of group sales," the research firm noted. "In our view, any moderation in AI-related capex, project delays or slower-than-expected deployment of liquid-cooling infrastructure could weigh materially on the group's growth profile and margins."

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