Thule Group AB, the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Adela Dashian from Jefferies reiterated a Buy rating on the stock and has a SEK290.00 price target.
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Adela Dashian’s rating is based on a combination of factors that suggest a promising outlook for Thule Group AB despite current challenges. The decision to rate the stock as a Buy is influenced by the company’s shares trading at a significant discount compared to historical averages, which presents an attractive risk/reward scenario for investors.
Furthermore, although there is a reduction in the earnings per share estimates for the years 2025 to 2027 due to a challenging margin and demand environment, the expectation is that operational improvements and strategic investments will lead to a mid-term recovery. This potential for recovery, coupled with the current valuation, supports the Buy recommendation for Thule Group AB.
In another report released on September 19, Kepler Capital also maintained a Buy rating on the stock with a SEK280.00 price target.