European equity markets saw a flurry of analyst activity on , with price target revisions spanning a diverse range of sectors. From bioprinting to energy infrastructure, analysts adjusted their outlooks on companies including Bico, Bravida, Castellum, Evolution, FLSmidth, Garmin, Hemnet, Investor, Lundbergs, Momentum Group, Orkla, Orrön Energy, Truecaller, Vestas, Volvo, Wärtsilä, and Zaptec.
In the technology sector, Truecaller, the Swedish caller identification app, received a boost from Deutsche Bank, which upgraded its rating to ‘buy’ from ‘hold’ and assigned a price target of 15 Swedish kronor. This represents a downward revision from a previous target of 21 kronor, however, the upgrade signals increased confidence in the company’s prospects. Similarly, Garmin, the GPS technology manufacturer, saw Morgan Stanley upgrade its rating to ‘equal-weight’ from ‘underweight’.
The energy sector also experienced notable changes. Orrön Energy, a Swedish independent oil and gas company, benefited from an upgrade from SB1 Markets, which moved its rating to ‘buy’ from ‘neutral’ while maintaining a 7 kronor price target. Zaptec ASA, a Norwegian provider of charging solutions for electric vehicles, saw Pareto Securities raise its target price to 35 Norwegian kronor, reiterating a ‘buy’ recommendation. This follows a previous increase to 32 Norwegian kronor on , and further adjustments throughout 2025, including a raise to 35 Norwegian kronor on , 27 Norwegian kronor on , and 22 Norwegian kronor on . The consistent upward revisions suggest growing analyst optimism regarding Zaptec’s position in the expanding EV charging market.
Industrial companies were also subject to analyst revisions. FLSmidth, a Danish supplier to the cement and mining industries, received a price target increase from SEB to 635 Danish kronor, maintaining a ‘buy’ rating. Wärtsilä, a Finnish corporation that manufactures and maintains marine and energy market equipment, saw Goldman Sachs raise its price target to 26.30 euros from 23.10 euros, while reiterating a ‘sell’ recommendation. Vestas, the Danish wind turbine manufacturer, experienced a slight decrease in its price target from Santander, lowered to 180 Danish kronor from 185, with a ‘neutral’ rating maintained.
Within the construction and property sectors, Bravida, a Nordic provider of electrical, HVAC, and plumbing services, saw multiple price target increases. SEB raised its target to 114 Norwegian kronor from 105, reiterating a ‘buy’ rating. Pareto Securities lowered its recommendation to ‘hold’ from ‘buy’, with a target of 112 Norwegian kronor (previously 102). Nordea also increased its target to 111 Norwegian kronor, maintaining a ‘buy’ rating. SB1 Markets and DNB Carnegie both raised their targets to 115 Norwegian kronor, also reiterating ‘buy’ recommendations. Castellum, a Swedish real estate company, experienced a price target reduction from SEB to 112 Swedish kronor from 117, while maintaining a ‘hold’ rating.
Several other Swedish companies also saw adjustments. Bico, operating in the bioprinting sector, had its price target lowered to 38 Swedish kronor from 39 by Nordea, while maintaining a ‘buy’ rating. Hemnet, an online real estate portal, experienced a significant price target reduction from DNB Carnegie to 254 Swedish kronor from 365, although the ‘buy’ rating was maintained. Investor, a Swedish investment company, saw Citigroup raise its price target to 310 Swedish kronor from 300, while reiterating a ‘sell’ rating. Lundbergs, another Swedish investment company, received a price target increase from DNB Carnegie to 575 Swedish kronor from 540, with a ‘hold’ rating maintained. Momentum Group, a Swedish industrial group, saw Pareto Securities lower its price target to 170 Swedish kronor from 180, while reiterating a ‘buy’ recommendation.
Rounding out the changes, Orkla, a Norwegian consumer goods company, had its price target raised to 130 Norwegian kronor from 117 by UBS, with a ‘neutral’ rating maintained. Volvo, the Swedish automotive manufacturer, saw Deutsche Bank increase its price target to 321 Swedish kronor from 290, while reiterating a ‘hold’ recommendation. Finally, Evolution, a provider of live casino solutions, experienced a price target reduction from Barclays to 560 Swedish kronor from 575, while maintaining an ‘underweight’ rating.
These widespread adjustments reflect the ongoing assessment of company performance and future prospects by financial analysts, providing investors with updated benchmarks for evaluating investment opportunities within the European market. The variety of revisions underscores the complex and dynamic nature of the current economic landscape.
