Barclays has increased its target price for Sandvik to SEK 255 from SEK 245, maintaining an Overweight rating. Sandvik AB is a leading global manufacturer of machines and industrial tools, with net sales primarily from mining and infrastructure (51.9%), cutting tools (39%), and mineral processing equipment (9.1%). Geographically, sales are distributed across Europe (26.5%), North America (25.2%), Asia (16.6%), Australia and New Zealand (12.6%), Africa and the Middle East (12%), and South America (7.1%).