SKF Working to Counter Tariff and Market Uncertainties -- Market Talk

Dow Jones
Jun 24

1210 GMT - SKF still faces tariff uncertainties, with less prospect of a market recovery in the second half of the year versus the start of the year, Deutsche Bank analyst John Kim writes. That said, SKF continues to deliver on what it can, including pricing, cost efficiencies and portfolio management, Kim says. Normal seasonality may not apply in 2025, but the bank continues to see price/mix as slightly positive this year against slight volume declines. Industrial margins and new cost programs to be announced are positives, with the impact of tariffs starting in the second quarter and currency effects becoming a headwind. The bank raises its target price to 204 Swedish kronor from 194 kronor and retains its hold rating. Shares rise 2.3% to 212.20 kronor. (dominic.chopping@wsj.com)

 

(END) Dow Jones Newswires

June 24, 2025 08:10 ET (12:10 GMT)

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