Raiffeisen Research upgrades Porr stock and cuts target to EUR 36.00

Published on 10/07/2026 at 14:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porr expects 2.00-4.00 percent revenue growth for full-year 2026. Porr stock was EUR 29.58 on October 7, 2026, down 3.18 percent from EUR 30.55.

Porr, AT0000609607, Illustration mit AI erstellt.

Porr (ISIN AT0000609607) was trading at EUR 29.58 at Lang & Schwarz on October 7, 2026 at 2:15 p.m. CEST, down 3.18 percent from the prior close of EUR 30.55. On October 6, 2026, Raiffeisen Research upgraded Porr from Hold to Buy but cut its price target from EUR 45.00 to EUR 36.00, according to Boerse Social.

Target falls despite the upgrade

The revised target is 21.43 percent above the Lang & Schwarz price, calculated from EUR 36.00 and EUR 29.58. The change in recommendation and target points to a split assessment: Raiffeisen Research sees the recent share-price decline as an opportunity, while its lower valuation reflects a more cautious view of earnings conversion.

The same Boerse Social report identifies weak cash conversion, higher net debt and potential dilution from the hybrid convertible bond as counterweights to the improved operating profile.

Half-year figures set the test

In the first half of 2026, Porr reported EBIT of EUR 56.30 million and an EBIT margin of 1.90 percent, while earnings per share increased 34.00 percent to EUR 0.71. Those figures and the full-year outlook were discussed in the company earnings call carried by Yahoo Finance.

Management expects output and revenue to rise 2.00-4.00 percent in full-year 2026 and guides to an EBIT margin of 3.20-3.30 percent. The comparison matters because first-half operating cash flow was negative EUR 258.00 million, with management linking the shortfall to the delayed construction season and working-capital timing.

Stock remains below its yearly high

Porr's reference price of EUR 29.58 is 36.47 percent below the 52-week high of EUR 46.55 and 16.92 percent above the 52-week low of EUR 25.30. The finance data snapshot places the company's market capitalization at EUR 1.2 billion on October 7, 2026.

For investors, the key tension is visible in the numbers: the 34.00 percent earnings-per-share increase and margin guidance support the upgrade, while the cash-flow deficit and lower target show why the recovery still depends on working-capital normalization.

Price sets the immediate reference

Porr was trading at EUR 29.58 at Lang & Schwarz on October 7, 2026 at 2:15 p.m. CEST, down 3.18 percent versus the Lang & Schwarz prior close of EUR 30.55 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Porr stock.