Nordea reiterates Buy for aluminium producer Gränges and raises its price target to SEK 220 from 210, while SB1 reiterates Neutral and raises its price target to SEK 195 from 185.
Both highlight the strong profitability in the Americas after adjusted EBIT reached SEK 596 million in the third quarter.
Nordea raises its earnings forecasts by 2–3 percent for 2026–2028 and sees potential for stronger cash flow and shareholder distributions. SB1 raises its forecasts by 3–10 percent but is more cautious about the sustainability of the high margins in the Americas.
ABG has also raised its price target for Gränges from SEK 220 to SEK 230. The analysts reiterate Buy.
