Analyst Move – Bullish https://bullish.se Tue, 28 Jul 2026 08:17:20 +0000 sv-SE hourly 1 https://wordpress.org/?v=7.1 Billerud — Analysts raise targets, insiders buy after Q2 beat https://bullish.se/brief/2026/07/24/billerud-analysts-raise-targets-insiders-buy-after-q2-beat/ Fri, 24 Jul 2026 14:02:09 +0000 https://bullish.se/short/2026/07/24/billerud-analysts-raise-targets-insiders-buy-after-q2-beat/ Billerud is seeing a wave of analyst upgrades and insider buying following its stronger-than-expected Q2 2026 report.

Handelsbanken raised its target to SEK 84 (75), reiterating Buy. DNB Carnegie lifted its target to SEK 80 (73), also reiterating Buy. Pareto Securities raised its target to SEK 94 (92), reiterating Buy. SEB raised its target to SEK 91 (88), reiterating Buy. Citigroup raised its target to SEK 75 (66) but kept its Neutral rating.

On the insider front, three executives and board members purchased shares in the days following the report.

Doug Schwartz, Head of North America, bought 5,020 shares at SEK 69.21, a transaction worth approximately SEK 347,400, bringing his total holding to 22,944 shares. Brian Boland, VP North America, bought 1,500 shares at SEK 69.21 (SEK 103,800), bringing his holding to 4,115 shares.

Board member Bernd Eikens — who joined the board at the AGM in May — made his first purchase in the company, buying 3,843 shares at €6.51 on Tradegate Exchange, worth approximately €25,000.

All transactions were reported to Sweden’s financial regulator Finansinspektionen.

]]> DSV Shares Sink after Earnings Day as Analysts Call the Sell-Off Overdone https://bullish.se/brief/2026/07/23/dsv-shares-sink-after-earnings-day-as-analysts-call-the-sell-off-overdone/ Thu, 23 Jul 2026 16:25:47 +0000 https://bullish.se/short/2026/07/23// DSV shares were hammered after Wednesday’s Q2 report, falling nearly 15 percent on the day despite the logistics group posting its strongest quarterly EBIT since the Schenker acquisition.

The stock fell a further 1.7 percent on Thursday, deepening the sell-off.

The market’s reaction contrasts sharply with sell-side sentiment. BofA reiterated its buy rating, calling the roughly 15 percent drop overdone.

Underlying EBIT came in at DKK 6.0 billion for Q2, excluding a DKK 250 million one-off gain — in line with expectations — while free cash flow of DKK 786 million missed on higher working capital.

DSV raised full-year EBIT guidance to DKK 23.5–25.5 billion, as expected; BofA left its own estimate largely unchanged at DKK 24.2 billion and trimmed its target price to DKK 2,175 from DKK 2,250.

Other banks broadly held their buy ratings while adjusting targets:

  • Danske Bank cut to DKK 1,990 (from 2,000)
  • Deutsche Bank cut to DKK 1,823 (from 1,881)
  • JPMorgan cut to DKK 2,165 (from 2,200, overweight)
  • Morgan Stanley cut to DKK 2,100 (from 2,150, overweight)
  • Nordea and Berenberg both raised targets to DKK 2,210 (from 2,165)
  • Landesbank Baden-Württemberg raised its target to DKK 1,900 (from 1,880).

With targets still well above the post-sell-off share price, the gap between analyst conviction and market reaction is the story to watch.

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