Kepler Cheuvreux reiterates Buy and raises the target price for chicken company Scandi Standard to SEK 85 from SEK 80. This is stated in a fresh analysis.

The analyst house states that its forecasts imply average annual growth for sales, adjusted ebit and earnings per share for the years 2023-2026 of 3 percent, 14 percent and 18 percent, respectively, which Kepler considers strong.

"With an ev/ebit of 13 times, based on the 2024 forecast, the valuation is slightly below the historical average despite a strong price performance," Kepler writes.

The share is trading down 3.6 percent to SEK 71.80.