Schindler

Schindler shares lose around 2% and trade at about CHF 251, close to the 52-week low of CHF 238. Goldman Sachs downgraded the stock from "Neutral" to "Sell" and cut its price target from CHF 286 to CHF 233, citing weaker construction and new-installation figures in China, an uncertain interest-rate environment, and the competitive threat from the merger of KONE and TK Elevator. In addition, the postponement of the capital markets day to November 19 weighs on sentiment, as investors await strategic clarity. » More on de.investing.com

Goldman Sachs has downgraded Schindler from "neutral" to "sell" and cut the 12-month price target from CHF 286 to CHF 233. The bank cited a lack of catalysts, weaker organic growth, continued weakness in construction starts in China, and margin pressure from commodity and price developments. Goldman Sachs reduced its revenue and adjusted EBIT estimates for 2026/2027 and sees limited prospects for additional cash distributions despite announced industry consolidation. The recommendation is also based on below‑average share performance year‑to‑date and valuation metrics that provide little support in a peer comparison. » More on de.investing.com

Schindler has sold its German AI real-estate startup BuildingMinds to Zurich platform Lookthrough and in doing so becomes Lookthrough’s largest institutional shareholder. BuildingMinds will supply its AI data platform to the joint software company, which is said to have an institutional property dataset of more than 100,000 buildings across 64 countries. BuildingMinds will keep its brand and Berlin location; CEO Marek Sacha will stay through the transition and then move to the board. The transaction is expected to close in the fourth quarter of 2026. » More on finanzen.net