Stifel raises Cheffelo stock price target to SEK64 from SEK63, maintains buy rating

Investing.com - Stifel has raised its price target on Cheffelo AB (SS:CHEF) to SEK64.00 from SEK63.00 while maintaining a Buy rating on the stock.

The price target adjustment represents a modest increase of SEK1.00 for the Swedish company’s shares.

Stifel analyst Clément Genelot issued the updated valuation in a note to investors on Tuesday.

The firm’s continued Buy rating suggests Stifel maintains a positive outlook on Cheffelo’s future performance despite the small adjustment to the price target.

Cheffelo AB, listed on the Stockholm Stock Exchange, operates in the food service sector in Sweden and other Nordic markets.

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