Electrolux: Barclays remains Underweight
(CercleFinance.com) - Barclays reaffirms its 'underweight' recommendation on Electrolux, as well as its price target of SEK 80, pointing to the 'continuation of an uncertain trajectory to improve profitability and reduce debt' with a 'double burden of trade'.
The broker sees the group as a likely victim of growing competition from Chinese home appliances and tariffs on supplies from China, which could reduce its 2026 adjusted EBIT by around 28% in the absence of price repercussions.
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The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker sees the group as a likely victim of growing competition from Chinese home appliances and tariffs on supplies from China, which could reduce its 2026 adjusted EBIT by around 28% in the absence of price repercussions.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.