Thule Group price target lowered to SEK 285 from SEK 295 at Jefferies

Jefferies lowered the firm’s price target on Thule Group to SEK 285 from SEK 295 and keeps a Hold rating on the shares. The firm is making a negative estimate revision ahead of the company’s Q4 results next week as it believes that the macroeconomic backdrop will moderate growth in the near-term, especially in the company’s historically cyclical RV segment, the analyst tells investors in a research note.