Jefferies analyst Adela Dashian maintained a Hold rating on Vimian Group AB today and set a price target of SEK37.00.
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Adela Dashian’s rating is based on several factors influencing Vimian Group AB’s current position. The company is undergoing a strategic shift following a difficult second quarter and the sudden departure of its CEO. This transition involves a focus on execution and integration, as well as a more selective approach to mergers and acquisitions, alongside efforts to reduce leverage.
These measures aim to optimize capital allocation, improve profit margins, and stimulate organic growth. Given these ongoing adjustments and the potential for future improvement, the stock is rated as Hold, reflecting a cautious yet optimistic outlook with a price target that suggests a 20% upside.
Dashian covers the Industrials sector, focusing on stocks such as Munters Group AB, Systemair AB, and Tomra Systems ASA. According to TipRanks, Dashian has an average return of 8.0% and a 51.90% success rate on recommended stocks.
In another report released on September 2, UBS also maintained a Hold rating on the stock with a SEK39.00 price target.