Analyst Adela Dashian from Jefferies maintained a Buy rating on Thule Group AB and keeping the price target at SEK290.00.
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Adela Dashian’s rating is based on several strategic factors that highlight Thule Group AB’s potential for growth. The company’s new management team, which took over in 2023, is set to present its strategic progress and long-term growth ambitions, providing a clearer vision for the future. This includes a focus on balancing organic growth with mergers and acquisitions, which could enhance the company’s market position.
Additionally, Thule Group AB is expected to provide updates on diversifying its product categories and accelerating its direct-to-consumer initiatives. These efforts, along with operational strategies aimed at maintaining its premium market position, suggest a positive outlook for the company. The anticipation of improved margins from 2026 further supports the Buy rating, indicating potential financial benefits for investors in the long term.
According to TipRanks, Dashian is a 3-star analyst with an average return of 5.9% and a 43.82% success rate. Dashian covers the Industrials sector, focusing on stocks such as Munters Group AB, Tomra Systems ASA, and AFRY AB Class B.