Crispr Therapeutics shares tumble after significant earnings miss
Investing.com - Deutsche Bank (ETR:DBKGn) raised its price target on SKF AB (SKFB:SS) (OTC:SKFRY) to SEK204.00 from SEK194.00 while maintaining a Hold rating on the stock.
The bank noted that while tariff uncertainties remain and prospects for market recovery in the second half of the year have diminished compared to earlier expectations, SKF continues to deliver positive results in areas within its control, including price/mix improvements, cost efficiencies, and portfolio management.
Deutsche Bank indicated that normal seasonality patterns may not apply in fiscal year 2025, but it still anticipates slightly positive price/mix effects this year against slight year-over-year volume declines. The bank also highlighted that in 2025, SKF will lap the positive impact of its newer factories, making underlying volume changes and cost development more significant factors.
Industrial margins and new cost programs, expected to be announced in the second quarter, were cited as positive factors, though tariff impacts will begin to materialize in the same quarter. Deutsche Bank adjusted its forecasts based on updated trading conditions and foreign exchange factors, while noting no changes to management guidance.
Foreign exchange effects are expected to become a headwind for fiscal year 2025 results, with Deutsche Bank estimating a negative impact of 431 million in the second quarter, compared to management’s guidance of negative 400 million.
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