SEB downgrades its recommendation for patterning equipment company Mycronic to Hold from Buy, with a target price of SEK 360 (385).
The research house simultaneously raises its forecasts for adjusted EBIT in 2026–2028 by 2–5 percent, mainly driven by currency effects.
Development remains strong in High Volume and Global Tech, but uncertainty surrounding earnings in Pattern Generators in 2027 has increased pending larger display orders.
The stock is now trading in line with its sector peers at 22 times expected EV/EBIT for 2027, which according to SEB provides a more balanced risk profile.
