• (PLX AI) – Systemair fell another 3% in early trading, adding to yesterday's heavy losses on the back of the earnings miss.
  • • Nordea cut their recommendation on the stock to hold from buy
  • • Kepler Cheuvreux cut their price target on the stock to SEK 335 from SEK 357, after having just raised it on Aug. 23
  • • The fiscal first quarter earnings were not good enough, Kepler said
  • • The market has high hopes for Systemair's potential, and the valuation is high and with limited upside, Kepler said
  • • Systemair's earnings are fluctuating sharply, which increases the risk; we prefer Lindab at these levels, Kepler added
  • • Kepler rates Systemair hold

Quelle: PLX AI