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Barclays has upgraded Tomra Systems ASA to an "overweight" rating, highlighting growth potential in its Collection business amid increasing adoption of Deposit Return Schemes in Europe. The price target for Tomra's stock has been raised to NOK 190, reflecting an 18% upside. Despite challenges in the Recycling and Food divisions, analysts expect strong financial performance, projecting 13% revenue growth and 24% adjusted earnings per share growth from FY2024 to FY2027.
Tomra's stock rose 5.5% to around NOK 172.3 after Barclays upgraded its recommendation to overweight, setting a target price of NOK 190. Analysts anticipate growth in Tomra's pawn business exceeding consensus for the quarter, though no short-term improvements are expected in the Recycling or Food divisions. The largest shareholder is Swedish investment company Latour, holding 21.1% of the capital and votes.
Barclays has upgraded Tomra Systems ASA from Equalweight to Overweight, raising the price target from NOK 165.00 to NOK 190.00, reflecting expectations of higher growth in the Collection business due to new Deposit Return Scheme legislation. This shift is anticipated to enhance demand for Tomra's recycling solutions, positioning the company for significant outperformance in the market. The new target indicates an approximate 18% upside potential from the stock's recent price.
UBS has increased its target price for Swedbank to 264 SEK and reaffirmed its takeover offer. Swedbank operates primarily in retail banking, generating 80% of its revenue, with significant operations in Sweden and the Baltic States, while also engaging in investment banking and asset management. By the end of 2023, the bank expects to have 1,230.4 billion SEK in deposits and 1,782 billion SEK in loans, supported by a network of 408 branches.
UBS has raised its price target for Swedbank to SEK 264 from SEK 246, maintaining a Buy rating. Swedbank operates primarily in retail banking, generating 80% of its revenues, with significant operations in Sweden and the Baltic States, while also engaging in investment and asset management activities. As of the end of 2023, the Group managed SEK 1,230.4 billion in deposits and SEK 1,782 billion in loans, with a network of 408 branches.
Danske Bank has raised its target price for Swedbank to SEK 260 from SEK 235, maintaining a hold rating. Swedbank operates primarily in retail banking, generating 80% of its income, with significant operations in Sweden and the Baltic States, while also engaging in investment and financial services. As of the end of 2023, the group managed SEK 1,230.4 billion in deposits and SEK 1,782 billion in loans, with a network of 408 branches.
Nordic banks are significantly expanding their investment banking teams in anticipation of a surge in mergers and acquisitions expected in 2025. Danske Bank, Nordea, Jyske Bank, Sparebank 1 Markets, and Pareto Securities have all recently hired new dealmakers and corporate finance bankers, with plans for further growth. Arctic Securities aims to expand its team, while Swedbank is also considering new hires.
Deutsche Bank Aktiengesellschaft has received a "Moderate Buy" rating, but top analysts recommend five other stocks as better investment opportunities. Assenagon Asset Management increased its stake by 31.7%, while other institutional investors also adjusted their holdings. The stock is currently trading at $19.46, with a 12-month range of $12.43 to $19.65.
Global growth is moderate, with the US benefiting from the presidential election while Europe lags. In the Nordic region, strong private consumption is expected due to favorable job prospects and rising disposable income, despite challenges like low consumer confidence in Denmark and a weak economic cycle in Finland. Norway's economy is growing with low unemployment and wage growth outpacing inflation, while Sweden anticipates a recovery in domestic demand supported by lower interest rates.
Nordea Bank analysts predict that Sweden and Norway will conclude their easing cycles by July, with the Riksbank and Norges Bank reaching terminal rates of 2% and 4%, respectively. This outlook aligns with broader consensus, although Norway's estimates are lower than recent forecasts. Despite potential trade tariff impacts from the US, domestic demand is expected to drive economic growth in the Nordic region, supported by rising private consumption due to improved employment and disposable incomes.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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