Belimo Maintained at Buy as Berenberg Notes Reinforced Positive View After Site Visit

12:31 PM EDT, 09/02/2026 (MT Newswires) -- Berenberg retained its buy rating on Belimo (BEAN.SW) following an investor site visit to the Swiss heating, ventilation, and air-conditioning control devices company's premises in Hinwil, Switzerland. "The investor site visit in Hinwil did not fundamentally change our investment case but it reinforced it. The combination of the new production facility, Belimo's unusually high commitment to innovation, the New Digital Generation platform and management's confidence in both traditional HVAC and data centres provided further evidence that the company is building the capacity and technology platform to sustain structurally above-market growth for many years. We remain very positive on the shares," the research firm said Wednesday. "Data centres provide a powerful additional growth engine, but investors should not reduce the Belimo investment case to AI infrastructure. Urbanisation increases the building stock; climate change increases cooling and efficiency requirements; regulation drives renovation; and digitalisation increases the intelligence and value of field devices. Belimo participates in all four." Analysts also noted that there are no signs the company is losing its near-term momentum amid expectations of continued robust demand in the second half and management's reaffirmed guidance for full-year 2026. The stock's price target of 1,100 francs was also maintained.