Tomra Recycling: Cost-Cutting Restructuring Supports Profitability but Justifies Hold Rating Amid Execution Risks
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Adela Dashian from Jefferies has maintained a Hold rating on Tomra Systems ASA, with a price target of NOK135.00. This rating reflects concerns over Tomra Recycling's cost-cutting program, which includes a workforce reduction of 175 roles and aims for annual savings of EUR 16m by 2027. While these measures are seen as necessary to restore profitability amid declining customer spending, the benefits are expected to materialize gradually, leading Dashian to adopt a cautious stance ahead of Q4 results on February 13.
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