0812 GMT - SKF continues to battle tougher business conditions, with recent conflicts disrupting costs, supply chains and a fragile recovery in demand, Deutsche Bank analyst John Kim writes. The bank expects costs to be challenging for the remainder of 2026, with a fairly flat outlook for volumes. "As such, strategic price increases and supply chain management as part of its overall execution will become increasingly important for results." Management's guide for little to no growth in its second-quarter outlook makes sense, the bank adds. Despite these various challenges, Deutsche Bank continues to see the automotive unit spin-off as the most important catalyst for the shares. It maintains its buy rating on the stock and lowers its target price to 275 Swedish kronor from 280 kronor. Shares fall 1% to 237.30 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 22, 2026 04:12 ET (08:12 GMT)
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