RBC Tweaks Schindler Forecasts Post-Q2 Results; Sector Perform Rating Retained

04:58 AM EDT, 07/28/2026 (MT Newswires) -- RBC Capital Markets adjusted its earnings forecasts for Schindler Holding (SCHP.SW) under a model update following the Swiss escalators and elevators manufacturer's second-quarter results. "While revenue growth remains unspectacular, this was the third consecutive quarter of [local currency] order growth acceleration, with the backlog now up 5.8% compared to Y/E 2025. From 2027, we expect improving OSG momentum, along with ongoing incremental improvements to margins," analysts wrote in a Monday note. The research firm raised its adjusted EPS estimates by 0.9% for 2026, 0.3% for 2027 and 1.3% for 2028. Revenue projections for all three years were also nudged higher, while EBIT forecasts were raised for 2026 but reduced for 2027 and 2028. "[For] a number of years, Schindler has trailed peers in terms of growth and margins. Rectifying operational shortcomings is key to closing the performance gap and maximising shareholder value. While we are growing increasingly confident that Schindler can succeed here, we now see this as largely reflected in the share price," RBC added, retaining the sector perform rating on the stock and price target of 295 francs.