Kepler Capital Backs SKF AB with a Confident Buy Rating
In the latest market update, Swedish industrial giant SKF AB has caught the attention of investors after receiving a Buy rating from Kepler Capital Markets . The firm’s analyst, Johan Sjoberg , reaffirmed his positive outlook on November 7, setting a price target of SEK 310 , which shows strong confidence in the company’s future performance. At the end of last week, SKF AB’s shares were trading at SEK 255.20 , meaning the new target suggests a notable potential upside for investors.
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Sjoberg, who is rated as a 4-star analyst by TipRanks , has built a solid reputation with an average return of 8.4% and a success rate of about 72% . His coverage mainly focuses on major players in the industrial sector, including Sandvik AB , Trelleborg AB , and SKF AB , which are all key components of Sweden’s engineering and manufacturing landscape.
According to TipRanks’ consensus , SKF AB currently holds a “Moderate Buy” rating, with analysts giving it an average price target of SEK 254.50 . Interestingly, Sjoberg’s new forecast goes well above that average, signaling his belief that SKF’s market fundamentals may soon improve despite recent earnings dips.
Looking at the company’s latest financials, SKF reported quarterly revenue of SEK 23.17 billion for the period ending June 30, with a net profit of SEK 516 million . This marks a decline from the previous year’s results, when SKF recorded SEK 25.61 billion in revenue and SEK 1.53 billion in profit . The drop indicates some operational challenges, possibly linked to global market conditions and industrial demand fluctuations. Still, the reaffirmed Buy recommendation from Kepler Capital suggests confidence that the company’s long-term strategy and market position remain strong.
In fact, SKF AB has recently been the subject of several updates from financial institutions. Citi adjusted its target price twice this year—first raising it from SEK 232 to SEK 248 , then slightly lowering it back to SEK 232 . Meanwhile, Bank of America took a more optimistic stance earlier, upgrading SKF from “Neutral” to “Buy.” This mix of updates paints a picture of cautious optimism around the stock.
Overall, while SKF’s short-term results have shown some pressure, analysts like Sjoberg seem convinced that the company’s fundamentals, scale, and industrial reach position it well for recovery and growth. With a refreshed Buy call and a price target well above its current level, SKF AB is once again under the spotlight for investors looking to bet on stability and long-term value in the European industrial sector.
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