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Nordea cuts price target to SEK 220 for AAK, repeats Buy rating

Nordea repeats its Buy rating on AAK, which produces plant-based specialty ingredients, but cuts the price target to SEK 220 from SEK 240 following lower forecasts. The bank expects continued price pressure in both Food Ingredients and Chocolate & Confectionery Fats, which account for approximately 95 percent of operating profit. Results are not expected to […]

Germany’s Ifo business climate index higher than expected in October (update)

(more information) Germany’s Ifo index, which measures business climate in Germany, came in higher than expected in October. The index rose to 90.2 from 89.9 the previous month. According to LSEG, the market expected a reading of 90.0. The Ifo expectations sub-index rose to 91.6 from 90.4. A reading of 90.0 was expected. Confidence in […]

Inderes repeats Add for Scanfil with a price target of 14 euros

Inderes repeats its Add recommendation and price target of 14 euros for contract manufacturer Scanfil following a third-quarter report in line with earnings expectations. Revenue rose 32 percent to 252 million euros, while adjusted EBITA increased 26 percent to 17.8 million euros. The company’s full-year forecast was reiterated, and Inderes leaves its earnings estimates largely […]

Yara board member buys 1,400 shares

Martina Merz, a board member of Norwegian fertilizer producer Yara International, purchased 1,400 shares in the company on October 22. This is stated in a press release. Following the transaction, Martina Merz owns a total of 1,400 shares in Yara.

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