Citi cuts Autostore, warns of order delays and price pressure due to tariffs

** Citigroup cuts Autostore AUTO to "neutral" from "buy", highlighting the potential tariff impact to the Norwegian robotics firm's distribution partners

** The near-term risk is that tariff fluctuations might lead to further order delays and potential price pressure on Autostore's U.S. business, Citi says

** "We have previously seen that uncertainty can clearly drive order delays," it says

** Citi notes Autostore sells exclusively through partners that might have to bear higher costs

** Therefore, the company bears a negative price risk rather than a higher cost risk, it says

** Out of 16 analysts covering the stock, nine rate it "buy", three "hold" and four "sell" or "strong sell", based on LSEG data