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Thule Group upgraded to Buy from Hold at Jefferies

Jefferies upgraded Thule Group (THUPY) to Buy from Hold with a price target of SEK 290, down from SEK 340. The firm says that despite growing concerns about a potential recession in the U.S., Thule has shown “resilience through stable performance in Europe.” With the stock’s valuation “nearing historic lows,” Jefferies upgrades the shares to Buy.

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