Assa Abloy AB Set to Release Q2 Report Amid Analyst Expectations

In just over a week, Swedish door opening products specialist Assa Abloy AB will release its highly anticipated Q2 report on July 17. The market is abuzz with speculation, as analysts’ estimates suggest a decline in earnings per share compared to the previous year. While some predict a reduction of around 3.12%, several investment banks have taken a more optimistic stance, raising their price targets for the company.

Investment Banks Show Confidence in Assa Abloy AB

Deutsche Bank has taken the lead, increasing its price target to 290 kronor, while Oddo has set a new target of 363 kronor. These upgrades indicate a positive outlook for the company, suggesting that despite the expected decline in earnings, Assa Abloy AB remains a strong investment opportunity. However, the exact impact of the Q2 report remains to be seen, and investors will be closely watching the company’s performance to gauge the accuracy of these predictions.

Key Takeaways

• Assa Abloy AB’s Q2 report is set to be released on July 17
• Analysts’ estimates suggest a decline in earnings per share of around 3.12%
• Several investment banks have raised their price targets for the company, including Deutsche Bank and Oddo
• The exact impact of the Q2 report remains to be seen, and investors will be closely watching the company’s performance