AB SKF, a leading manufacturer specializing in bearings, seals, and lubrication systems, has had its target price raised by UBS to SEK 250 from SEK 242. UBS also maintains a Buy rating on the stock.
AB SKF's product offerings include various types of bearings, such as spherical and cylindrical roller bearings, as well as technical support and maintenance services. The company's net sales are predominantly derived from the industrial market, accounting for 70.9%, while the automotive sector contributes 29.1%. Geographically, sales are distributed with 38.4% in Europe, 30% in America, 19.7% in China and North East Asia, and 9.5% in India and South East Asia.
AB SKF operates 77 production sites globally, highlighting its extensive manufacturing capabilities and market reach.