Analyst Adela Dashian of Jefferies maintained a Buy rating on AFRY AB Class B (AFXXF – Research Report), retaining the price target of SEK250.00.
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Adela Dashian has given her Buy rating due to a combination of factors that highlight AFRY AB Class B’s potential for future growth. The company is under new leadership with CEO Linda Pålsson, who is expected to bring positive changes by leveraging her successful initiatives from her previous role. Her leadership is anticipated to steer the company towards profitable growth by implementing strategic and operational measures.
AFRY has a strong foundation in engineering, design, and advisory services, particularly in energy, industry, and infrastructure sectors. The company’s commitment to focusing on its core business areas and enhancing client value is expected to strengthen its strategic position, especially in the context of the green transition. Additionally, AFRY’s ongoing strategic review aims to create a more cohesive and efficient organization, which is likely to improve profitability and drive long-term success.