- (PLX AI) - SKF's low valuation relative to peers is unjustified, analysts at Bank of America said, upgrading the stock to buy from underperform.
- • Price target raised to SEK 250 from SEK 180
- • Auto organic growth is set to rebound strongly from the fourth quarter, while Industrial momentum is also returning, BofA analysts said
- • Pricing concerns are overdone, as SKF has historically been able to pass on higher costs in steel and scrap steel, BofA said
- • The price target implies 12% upside
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