Stock Analyst Ratings & Price Target Changes: Bico to Zaptec
Investment firms are adjusting their financial outlooks for a range of publicly traded companies, signaling shifts in market expectations. Bravida, a Nordic provider of technical services, saw its price target lowered by BicoNordea to 38 Swedish kronor, while maintaining a ‘buy’ rating. Simultaneously, SEB raised Bravida’s target to 114 kronor, similarly reiterating a ‘buy’ recommendation. Pareto Securities downgraded Bravida to ‘hold’ from ‘buy’ with a target of 112 kronor, and Nordea increased its target to 111 kronor, keeping a ‘buy’ rating.
Several other firms also revised their targets for Bravida. SB1 Markets increased its target to 115 kronor, reaffirming a ‘buy’ rating, as did DNB Carnegie, also setting a target of 115 kronor. These adjustments follow Bravida’s recent financial report, released on February 18, 2026, which indicated a 2 percent decrease in net sales to 7,913 million Swedish kronor, but a 6 percent increase in EBITA to 641 million kronor. The company’s order backlog stands at 15,325 million kronor.
In the real estate sector, Castellum, a Swedish property company, experienced a decrease in its price target from SEB, lowered to 112 kronor from 117 kronor, while maintaining a ‘hold’ rating. This comes after Castellum completed construction of a new office building on Aspholmen in Örebro in October 2023, specifically designed for Bravida as a tenant. The building spans approximately 3,000 square meters across three floors, including office space, personnel areas, and a warm storage facility, alongside a separate 300 square meter cold storage building.
Further adjustments were made across various sectors. Barclays lowered its price target for Evolution to 560 kronor, maintaining an ‘underweight’ rating. SEB increased its target for FLSmidth to 635 Danish kronor, reiterating a ‘buy’ recommendation. Garmin saw its target raised to ‘equal weight’ from ‘underweight’ by Morgan Stanley. Hemnet’s target was lowered by DNB Carnegie to 254 kronor, while maintaining a ‘buy’ rating. Investor received a target increase to 310 kronor from Citigroup, who reiterated a ‘sell’ rating. Lundbergs saw its target raised to 575 kronor by DNB Carnegie, who maintained a ‘hold’ rating.
Momentum Group’s target was lowered to 170 kronor by Pareto Securities, who reiterated a ‘buy’ rating. Orkla’s target was raised to 130 Norwegian kronor by UBS, who reiterated a ‘neutral’ rating. Orrön Energy received an upgrade to ‘buy’ from ‘neutral’ by SB1 Markets, with a target of 7 kronor. Truecaller’s target was raised to 15 kronor by Deutsche Bank, who upgraded the stock to ‘buy’ from ‘hold’. Vestas’ target was lowered to 180 Danish kronor by Santander, who reiterated a ‘neutral’ rating.
Volvo’s target was raised to 321 kronor by Deutsche Bank, who reiterated a ‘hold’ rating. Wärtsilä’s target was increased to 26.30 euros by Goldman Sachs, who reiterated a ‘sell’ rating. Zaptec’s target was raised to 35 Norwegian kronor by Pareto Securities, who reiterated a ‘buy’ rating. These revisions reflect ongoing analysis of company performance and market conditions.