Morgan Stanley upgrades Sandvik: SEK 440 target for Sandvik stock

Published on 10/19/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley upgrades Sandvik to overweight with a SEK 440.00 target. Sandvik stock trades at EUR 32.03 on October 19, 2026 before results.

Analyst upgrade ahead of results

Morgan Stanley moved Sandvik to Overweight with a SEK 440.00 target on October 19, 2026.
Sandvik's second-quarter revenue growth was 24.00 percent at fixed exchange rates.
Sandvik stock trades at EUR 32.03 at 10:09 a.m. CEST at Lang & Schwarz on October 19, 2026.

CNC-Zerspanung mit Metallspänen, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) fertigt hochpräzise Werkzeuge für die industrielle Metallzerspanung in modernen Fabrikhallen weltweit, Illustration mit AI erstellt.

Sandvik stock (ISIN SE0000667891) was trading at EUR 32.03 at Lang & Schwarz on October 19, 2026 at 10:09 a.m. CEST. Placera reported that Morgan Stanley upgraded Sandvik to Overweight from Equal Weight and set a SEK 440.00 price target on October 19, 2026.

Target upgrade precedes results

The analyst move arrives three days before Sandvik's third-quarter report. The company's investor page schedules the interim report for October 22, 2026, at 8:00 a.m. CEST, followed by a webcast and conference call at 10:00 a.m. CEST.

Sandvik's second-quarter operating picture gives the upcoming report a clear benchmark. The investor page lists revenue growth of 24.00 percent at fixed exchange rates, an adjusted EBITA margin of 22.60 percent and financial net debt of 1.00 times EBITDA.

What does the target mean for margins?

The key test is whether the margin can hold while growth remains broad enough to support Morgan Stanley's more constructive stance. In the second quarter of 2026, Sandvik generated SEK 36.75 billion in revenue and SEK 5.24 billion in net profit, according to Markets Insider.

Three dates frame the stock

On October 1, 2026, Sandvik announced its Capital Markets Day for November 24-25, 2026. On October 5, 2026, the company invited investors to the October 22, 2026 third-quarter presentation. The October 19, 2026 Morgan Stanley upgrade then set the latest analyst reference point at SEK 440.00.

Next dates for Sandvik investors

The next scheduled event is the third-quarter report on October 22, 2026. Sandvik's Capital Markets Day follows on November 24-25, 2026, with the company planning to discuss strategy and innovation at its mining operations in Tampere, Finland.

Stock trades before the report

The euro quotation gives investors in Germany a live reference ahead of the reporting date, while the latest operating figures put the analyst call against a 22.60 percent adjusted EBITA margin.

Sandvik stock was trading at EUR 32.03 at Lang & Schwarz on October 19, 2026 at 10:09 a.m. CEST.

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