Jefferies lowered the firm’s price target on Thule Group to SEK 285 from SEK 295 and keeps a Hold rating on the shares. The firm is making a negative estimate revision ahead of the company’s Q4 results next week as it believes that the macroeconomic backdrop will moderate growth in the near-term, especially in the company’s historically cyclical RV segment, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on THUPY: