Morgan Stanley cuts target for Epiroc A stock to SEK 270

Published on 10/20/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SEK 270 target followed SEK 295 on October 19, 2026. Epiroc A stock costs EUR 22.64 on October 20, 2026 before results on October 28, 2026.

Targets and results dates

Morgan Stanley cut its Epiroc target from SEK 295 to SEK 270 on October 19, 2026.
Second-quarter 2026 revenue reached SEK 16.70 billion and adjusted operating margin was 20.10 percent.
Epiroc A stock trades at EUR 22.64 at 10:08 a.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter results are scheduled for October 28, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Bohrspitze und Bergbau-Ausrüstung — Epiroc AB, ISIN SE0015658109, ist Anlageobjekt, dargestellt als Flatlay mit Zertifikat und Bergbauwerkzeug, Illustration mit AI erstellt.

Epiroc A (ISIN SE0015658109) is quoted at EUR 22.64 at Lang & Schwarz on October 20, 2026 at 10:08 a.m. CEST. Morgan Stanley cut its target for the Swedish mining-equipment maker from SEK 295 to SEK 270 in a sector analysis dated October 19, 2026, according to MarketScreener.

Morgan Stanley lowers its target

The target cut also came with a change in rating from overweight to equal-weight. The move puts a fresh valuation marker beside a cluster of more constructive calls from other banks.

On October 15, 2026, SEB raised its target from SEK 280 to SEK 305 and reiterated its buy view, according to MarketScreener. The split shows that the debate is centered on valuation and the timing of mining demand rather than on a single uniform analyst view.

Three target changes in October

On October 14, 2026, Barclays raised its target from SEK 280 to SEK 285. On October 15, 2026, SEB lifted its target from SEK 280 to SEK 305. On October 19, 2026, Morgan Stanley cut its target from SEK 295 to SEK 270, with each dated change reported by MarketScreener.

What does the target cut mean?

The latest operating figures give the valuation debate a strong business backdrop. In the second quarter of 2026, revenue rose 10.00 percent year over year to SEK 16.70 billion, while operating profit increased 17.00 percent to SEK 3.30 billion. The adjusted operating margin reached 20.10 percent, up from 19.70 percent a year earlier, according to the Yahoo Finance transcript of the July 17, 2026 results call.

Orders received increased 13.00 percent organically to SEK 17.30 billion in the second quarter. Service orders grew 6.00 percent organically, while equipment orders increased 30.00 percent organically. That mix supports earnings, but a larger equipment share can also pressure margins compared with the aftermarket business.

Upcoming reporting dates

Epiroc's next reporting date is October 28, 2026. The annual general meeting is scheduled for May 5, 2027, according to Simply Wall St.

Stock quote and valuation debate

For investors, the immediate issue is the contrast between resilient second-quarter execution and a lower Morgan Stanley target. Epiroc has a market capitalization of SEK 304.8 billion as of October 20, 2026, while its Nasdaq Stockholm quote was SEK 251.90 at 10:16 a.m. CEST on the same date.

Epiroc A stock was trading at EUR 22.64 at Lang & Schwarz on October 20, 2026 at 10:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Epiroc A stock.