Nordea repeats its Hold rating on Finnish design and lifestyle company Marimekko with a price target of EUR 10.60, according to a recent analysis.
Sales outside Finland increased by 16 percent in the third quarter, while the domestic market declined by 9 percent and full-year outlook was lowered.
Nordea sees increasingly strong international expansion and a valuation close to a five-year low. The bank believes the risk-reward ratio is gradually improving, but is awaiting a recovery in Finland before a more positive view is warranted.
