Kepler Capital Sticks to Their Hold Rating for Fortnox AB (FNOX)
In a report released on April 24, Erik Sandstedt from Kepler Capital maintained a Hold rating on Fortnox AB (FNOX – Research Report), with a price target of SEK90.00. The company's shares closed yesterday at SEK86.50.
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According to TipRanks, Sandstedt is a 3-star analyst with an average return of 1.7% and a 44.00% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for Fortnox AB with a SEK86.58 average price target, a 0.09% upside from current levels. In a report released on April 15, Morgan Stanley also upgraded the stock to a Hold with a SEK89.75 price target.
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