Morgan Stanley cuts target to SEK 45 for Nibe Industrier stock

Published on 10/15/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cut its target from SEK 47 to SEK 45 on October 9, 2026. Nibe Industrier stock costs EUR 3.91 on October 15, 2026.

Target changes and operating figures

Morgan Stanley cut its target from SEK 47 to SEK 45 on October 9, 2026.
Second-quarter revenue reached SEK 10.85 billion and operating profit was SEK 1.23 billion.
Nibe Industrier stock trades at EUR 3.91 at 9:34 a.m. CEST at Lang & Schwarz on October 15, 2026.
The next interim report is scheduled for November 17, 2026.

Draufsicht zeigt Zertifikat, ISIN-Karte, Thermostat und Wärmepumpenfilter — Nibe Industrier AB (SE0015988019) arrangiert Aktienzertifikat, ISIN Karte und diverse Wärmepumpen Bauteile in dieser Flatlay, Illustration mit AI erstellt.

Nibe Industrier (ISIN SE0015988019) was trading at EUR 3.91 at Lang & Schwarz on October 15, 2026 at 9:34 a.m. CEST. Morgan Stanley cut its target for the Swedish heating and climate solutions maker from SEK 47 to SEK 45 on October 9, 2026, according to Affarsvarlden.

Target cuts test the recovery

The October 9 adjustment followed DNB Carnegie's more constructive move earlier in the month. DNB Carnegie raised its target from SEK 48 to SEK 54 on October 7 and maintained a Buy view, while Morgan Stanley retained an Equal Weight stance after reducing its target to SEK 45, as reported by Affarsvarlden. The split points to a recovery story that still depends on execution and valuation discipline.

For investors, the key counterweight is profitability rather than revenue alone. NIBE reported second-quarter 2026 revenue of SEK 10.85 billion, up 12.40 percent from SEK 9.65 billion in the first quarter, while operating profit rose to SEK 1.23 billion from SEK 868 million, according to Affarsvarlden. The operating margin reached 11.40 percent in the second quarter, compared with 9.00 percent in the first quarter.

What do the next dates show?

NIBE's recent chronology runs from the August 21, 2026 interim report, which showed SEK 10.85 billion of second-quarter revenue, through DNB Carnegie's SEK 54 target on October 7, 2026, to Morgan Stanley's SEK 45 target on October 9, 2026. Each event carries a different signal: improving operating figures, a bullish analyst revision, and a more cautious valuation stance.

The next substantiated date is November 17, 2026, when NIBE is scheduled to publish its next quarterly report, according to TickerLandia. That report will provide the next test of whether the second-quarter margin improvement is continuing.