Morgan Stanley cuts target for Nibe Industrier stock to SEK 45

Published on 10/12/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cut its target to SEK 45 on October 9, 2026. Nibe Industrier stock was EUR 3.91 at Lang & Schwarz on October 12, 2026.

Key points in brief

Morgan Stanley cut its Nibe Industrier price target from SEK 47 to SEK 45 on October 9, 2026, while keeping an equal-weight rating.
Second-quarter 2026 revenue reached SEK 10.85 billion versus SEK 10.08 billion a year earlier.
Nibe Industrier stock stood at EUR 3.91 at Lang & Schwarz on October 12, 2026, while market capitalization was SEK 88.3 billion.
The next interim report is scheduled for November 17, 2026.

Nahaufnahme zeigt glänzende Kupferrohre eines Wärmetauschers mit Tropfen — Nibe Industrier AB (SE0015988019) zeigt eine Makroaufnahme eines Kupfer Wärmetauschers mit feinen glänzenden Kondenstropfen, Illustration mit AI erstellt.

Nibe Industrier (ISIN SE0015988019) was trading at EUR 3.91 at Lang & Schwarz on October 12, 2026 at 10:13 a.m. CEST. On October 9, 2026, Affärsvärlden reported that Morgan Stanley cut its price target from SEK 47 to SEK 45 and kept an equal-weight rating.

Target cut follows stronger quarter

The target change followed Nibe's second-quarter report, which showed revenue of SEK 10.85 billion versus SEK 10.08 billion in the second quarter of 2025. Finanstidning reported that revenue increased 7.60 percent, while operating profit rose to SEK 1.23 billion from SEK 944.00 million.

The operating margin reached 11.40 percent in the second quarter of 2026, up from 9.40 percent a year earlier. The same report said net debt stood at 2.70 times EBITDA, compared with 3.20 times a year earlier, leaving leverage as a measurable counterweight to the earnings recovery.

Three dated signals for Nibe

On August 21, 2026, Nibe reported second-quarter revenue of SEK 10.85 billion and an operating margin of 11.40 percent through its interim reporting cycle. On October 7, 2026, DNB Carnegie raised its price target from SEK 48 to SEK 54 and reiterated its Buy rating, according to Affärsvärlden. On October 9, 2026, Morgan Stanley cut its target from SEK 47 to SEK 45 while maintaining equal weight, the latest dated analyst action listed by the publication.

What does the target cut change?

The difference between the two October analyst views is material: DNB Carnegie's SEK 54 target is SEK 9 above Morgan Stanley's SEK 45 target. That spread places valuation and execution at the center of the debate, while Nibe's second-quarter operating profit of SEK 1.23 billion provides the latest reported earnings reference.

Next report is November 17

The next interim report is listed for November 17, 2026, according to Affärsvärlden. The next report will give investors a fresh comparison for revenue, operating profit and leverage after the second-quarter improvement.

Stock quote and company profile

Nibe Industrier was trading at EUR 3.91 at Lang & Schwarz on October 12, 2026 at 10:13 a.m. CEST. Its market capitalization was SEK 88.3 billion, with a 52-week range of SEK 31.21 to SEK 46.99 as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Nibe Industrier stock.