Atlas Copco: Double-Digit Decline, But I'm Lowering My Price Target

2025-08-03 12:07:04 ET

I've been very conservative on some of the "major Swedish engineering" companies that many people know and love. Both Atlas Copco ( OTCPK:ATLKY ) and companies like SKF AB ( OTCPK:SKFRY ) are on this list. This neutrality/conservative approach is despite an absolutely stellar record of beating earnings estimates over 40% of the time, consistently based on a 10-20 year trend, as well as solid fundamentals. Atlas Copco, in this case, works with fundamentals of an A+ credit rating, a market cap of almost 750B SEK, and a yield of 2%, and works in one of the more crucial machinery and supply end markets that exist....

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