Thule Group Jumps 5% as Danske Says Buy After Big Drop

• (PLX AI) - Thule shares rose 5% after Danske Bank analysts upgraded the stock to buy from hold, saying a 38% drop year-to-date is too much for a quality name.
• • Price target SEK 435
• • Thule has only 1% of its sales in Russia and no direct sourcing from that country, Danske pointed out
• • As the clear market leader with superior delivery capacity and the most updated and progressive product program, Thule should continue to capture significant market share, Danske said
• • Meanwhile, Kepler Cheuvreux reiterated a buy rating on the stock, with price target SEK 450
• • The shares have fallen and look attractive, Kepler said