Barclays Boosts AutoStore to 'Overweight' on Amazon Deal and US Policy

Barclays upgraded AutoStore's stock to 'overweight' from 'equal weight', citing its partnership with Amazon and potential U.S. policy shifts that could favor its competitive position against Chinese rivals.

The broker raised its price target to NOK20.50 from NOK18.20, based on strong order intake year-to-date and the Amazon deal.

AutoStore's stock has risen 36% this year, compared with declines of 34% for KION and 25% for Jungheinrich.

The U.S. government recently banned imports of advanced robotics, including autonomous mobile robots, amid national security concerns.