Pareto Securities repeats its Buy rating on the property company Trianon but cuts the price target to SEK 21 from 23.
The research firm highlights strong underlying growth and a stable occupancy rate of 96.6 percent. Underlying profit from property management per share increased by around 20 percent year-over-year in the third quarter, adjusted for one-off items.
The share is trading at 0.46 times 2027 net asset value, compared with a historical average of 0.60. Pareto sees limited downside and continued potential from acquisitions and project development.
