EQT AB (EQT) Receives a Hold from Barclays

EQT AB’s latest coverage highlights caution from analysts, with Barclays maintaining a Hold rating after a June 19 report. Michael Sanderson set a SEK360.00 price target on the EQT AB shares. The article notes that Sanderson follows the financial sector and, according to TipRanks, has delivered an average return of 2.5% with a 52.75% success rate across recommended stocks. On the same date, EQT AB also received a Hold from Citi’s Nicholas Herman. The stance contrasts with an Oddo BHF upgrade on June 8, when EQT AB was raised to a Buy. For the quarter ending December 31, 2023, EQT AB reported revenue of SEK1.15 billion and net profit of SEK382 million, down from SEK1.42 billion revenue and SEK494 million profit a year earlier.