Pareto maintains its Hold rating on the engineering company AQ Group and raises the target price to SEK 222 from SEK 215.
The research firm expects continued strong performance in the third quarter, with 14 percent sales growth and an EBIT margin of 9.7 percent. Forecasts are raised following stronger assumptions regarding organic growth and new acquisitions.
At the same time, AQ is trading at 18.7 times forecast EV/EBIT for 2027, which according to Pareto means that continued forecast beats and additional acquisitions are already priced in.
