Thule Group price target raised to SEK 270 from SEK 225 at Jefferies

Jefferies raised the firm’s price target on Thule Group to SEK 270 from SEK 225 and keeps a Hold rating on the shares. The company’s reported Q1 marked the beginning of a turning point in the recovery journey in the sale of bike-related products, with the assumption that momentum will pick up from here on out, the analyst tells investors in a research note.