Morgan Stanley cuts Nibe target to SEK 45 for Nibe Industrier stock

Published on 10/20/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SEK 10.85 billion, up 12.40 percent year over year. Nibe Industrier stock is quoted at EUR 3.95 on October 20, 2026.

Analyst revisions and operating recovery

Morgan Stanley lowered its target from SEK 47 to SEK 45 on October 9, 2026.
Second-quarter 2026 revenue reached SEK 10.85 billion, up 12.40 percent year over year.
Nibe Industrier stock traded at EUR 3.95 at 10:33 a.m. CEST at Lang & Schwarz on October 20, 2026.

Aquarell zeigt schwedisches Dorf mit Fabrikgebäude am Seeufer — Nibe Industrier AB (SE0015988019) inspiriert dieses Aquarellbild einer kleinen schwedischen Industriestadt am ruhigen See, Illustration mit AI erstellt.

Nibe Industrier (SE0015988019) was quoted at EUR 3.95 at Lang & Schwarz on October 20, 2026 at 10:33 a.m. CEST, while Morgan Stanley had cut its target from SEK 47 to SEK 45 on October 9. The target change keeps the analyst debate centered on valuation after a stronger second quarter.

Three dated signals for investors

On August 21, 2026, NIBE published its interim report for the second quarter. Revenue reached SEK 10.85 billion, while operating profit was SEK 1.11 billion and net income was SEK 751.00 million, according to the company investor page and the figures reported by Affärsvärlden.

On October 7, 2026, DNB Carnegie raised its target from SEK 48 to SEK 54 and reiterated its Buy rating, as listed by MarketScreener. On October 9, Morgan Stanley moved in the opposite direction, cutting its target from SEK 47 to SEK 45 while retaining Equal Weight.

What does the target cut imply?

The split between DNB Carnegie and Morgan Stanley gives investors a concrete valuation range of SEK 45 to SEK 54. MarketScreener listed an average target of SEK 46.77 from 13 analysts, placing Morgan Stanley's new target SEK 1.77 below that average and DNB Carnegie's target SEK 7.23 above it.

What comes next for Nibe?

The next dated company event is NIBE's third-quarter 2026 earnings release on November 17, 2026, a date listed in the company calendar by MarketScreener. That report will test whether the second-quarter improvement in revenue and operating profit continued into the next period.

Stock quote and valuation

Nibe Industrier's Nasdaq Stockholm listing was last quoted at SEK 43.93 at 10:36 a.m. CEST on October 20, 2026. The same market data showed a market capitalization of SEK 78.3 billion and a 52-week range of SEK 31.21 to SEK 46.99.

Nibe Industrier was trading at EUR 3.95 at Lang & Schwarz on October 20, 2026 at 10:33 a.m. CEST. The company is valued against competing analyst views, with the latest reported quarterly revenue of SEK 10.85 billion providing the operating backdrop. The further course of trading is shown by the continuously updated real-time quote of Nibe Industrier stock.