Jefferies Upgrades Thule Group (THUPY) to Buy Despite Economic Concerns | THUPY Stock News

May 12, 2025

Jefferies has raised its rating for Thule Group (THUPY, Financial) from Hold to Buy, setting a new price target of SEK 290, down from the previous SEK 340. This decision comes amid mounting worries about a potential recession in the United States. Nevertheless, Thule has demonstrated stability with its solid performance across European markets. With the current stock valuation approaching historic lows, Jefferies sees this as a strategic opportunity to upgrade the shares.

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