UBS has increased its target price for AAK AB to SEK 375 from SEK 365, while keeping its Buy rating on the company.

AAK, a holding firm based in Sweden, specializes in food processing, specifically in refining vegetable oils for specialty products. The company operates through three main segments:

• Food Ingredients, which includes products like Baking Fat and Infant Nutrition
• Chocolate & Confectionery Fats, which focuses on improving sensory properties and shelf life
• Technical Products & Feed, which includes products such as Fatty Acids and Animal Feed

AAK also holds a majority stake in Kamani Oil Industries Pvt Ltd.