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On Friday, DNB Markets analyst Simen Mortensen upgraded JM AB (JM:SS) stock rating from Hold to Buy, maintaining a price target of SEK170.00. Mortensen highlighted the stock’s volatility over the past three years, attributing the fluctuations to changing recovery expectations in the Swedish residential market. Despite the market not having rebounded yet, and recent declines pushing JM AB’s share price to previous lows, DNB Markets anticipates a market recovery in late 2025 and 2026.
The analyst pointed out that key performance indicators (KPIs), specifically unit sales and unit starts, will be the focus in the first quarter as profits continue to be impacted by the cyclical lows and delayed profit recognition. Mortensen’s outlook suggests that the current share price levels present a compelling opportunity for investors.
According to Mortensen, the rationale behind the upgrade to a Buy rating is based on the belief that the market will eventually recover, which will positively influence JM AB’s performance. The maintained price target of SEK170.00 reflects this optimism and remains unchanged from the previous assessment.
JM AB’s performance in the upcoming quarters will likely be scrutinized for signs of recovery, especially in the KPIs that are considered crucial by DNB Markets. The firm’s analysis indicates that the market conditions could become favorable for JM AB as the anticipated recovery unfolds.
Investors and market watchers will be keeping a close eye on JM AB’s unit sales and starts in the first quarter, as these indicators may provide early signs of the company’s ability to capitalize on the predicted market recovery. The upgrade by DNB Markets serves as a marker of potential shifts in the Swedish residential market and JM AB’s positioning within it.
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