Atlas Copco Upgraded to Buy, Goldman Cites Surging Q2 Orders

Goldman Sachs upgraded Atlas Copco AB to Buy from Neutral. The firm raised its 12-month price target for the stock to SEK 229 from SEK 187.

The upgrade follows strong second-quarter results and an improving capital expenditure cycle. Orders exceeded analyst expectations by 17% during the period.

Goldman Sachs increased its adjusted EBIT estimates for 2026-2028 by 5% to 19%. All of the company's business divisions outperformed expectations in the second quarter.