AFRY AB Class B, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Adela Dashian from Jefferies maintained a Buy rating on the stock and has a SEK240.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Adela Dashian’s rating is based on AFRY AB Class B’s performance and strategic positioning. Despite a slight underperformance in net sales and adjusted EBITA, the company’s margins have shown resilience, which is a positive indicator of its underlying profitability. The company’s strategic cost actions have helped maintain this profitability even in challenging market conditions.
Furthermore, the order backlog has increased, reflecting a 3.6% year-over-year growth, which suggests future revenue potential. The management’s commitment to restructuring and focusing on key growth segments, such as infrastructure, also supports the positive outlook. These factors combined have led Adela Dashian to rate AFRY AB Class B with a Buy recommendation.