Nordea maintains its Hold rating on tyre manufacturer Nokian Tyres and raises its price target to 14 euros (13), while Inderes reiterates its Sell rating and raises its price target to 12 euros (11.5).
Both research houses highlight stronger-than-expected third-quarter results, driven by price increases and cost efficiencies, and raise their profitability forecasts.
Nordea sees potential for an EBIT margin above 15 percent in 2030, but believes the valuation limits the upside. Inderes assesses that the stock’s P/E ratio of 22 for 2026 already reflects several years of strong earnings growth.
