Pareto repeats its Buy rating on meal-kit company Cheffelo but cuts its price target to SEK 140 from SEK 150 after the third-quarter report.
The brokerage cuts its EBIT forecasts for 2026–2028 by 2–4 percent following weaker volumes and higher costs. Despite this, growth for the year is expected to reach 13.5 percent, above the company’s target of 7–9 percent.
Pareto considers the 33 percent share-price decline in recent months excessive. The stock is valued at 5.9 times next year’s EV/EBIT, and the operating margin is expected to reach 9.9 percent in 2027.
