Citi reiterates its Buy rating on private equity firm EQT and sees room for higher earnings estimates after the third quarter. The price target is SEK 375.
Fee-generating assets under management amounted to EUR 195 billion, around 4 percent above consensus. At the same time, the acquisition of US-based Stockbridge is expected to contribute positively to earnings per share by around 1 percent.
Citi’s ebitda estimates for 2027–2028 are approximately 10 percent above consensus. The bank considers the valuation attractive, equivalent to around 15 times expected fee-related earnings for 2028.
