Nordea cuts target for AAK stock from SEK 250 to SEK 240

Published on 10/13/2026 at 03:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordea kept its Buy rating on October 9, 2026. For AAK stock, Q2 operating profit reached SEK 1.095 billion, up 20.07 percent.

Key points in brief

Nordea cut its AAK target from SEK 250.00 to SEK 240.00 on October 9, 2026, while keeping its Buy rating.
AAK reported second-quarter 2026 operating profit of SEK 1.095 billion, up 20.07 percent from the second quarter of 2025.
AAK market capitalization was SEK 48.2 billion on October 12, 2026, with a 52-week range of SEK 180.40 to SEK 277.40.
AAK is scheduled to release its third-quarter 2026 report on October 23, 2026.

Isometrische Illustration der Produktionskette von Pflanzenölen vom Feld bis zum Endprodukt — Isometrische 3D-Darstellung der Wertschöpfungskette pflanzlicher Öle, wie sie AAK AB (ISIN SE0011337708) betreibt, Illustration mit AI erstellt.

AAK stock (ISIN SE0011337708) received a lower Nordea target of SEK 240.00, down from SEK 250.00, on October 9, 2026, while the bank kept its Buy rating, according to Placera. The move puts renewed attention on AAK's ability to turn resilient specialty-fat demand into broader profit growth.

Nordea lowers target to SEK 240

The target cut came alongside Nordea's view that demand in Food Ingredients remained weak. BorsKollen reported on October 9, 2026 that Nordea still saw attractive valuation despite the softer demand and expected Chocolate and Confectionery Fats operating profit to grow 7.00 percent during 2026-2028.

Q2 profit rose 20.07 percent

AAK's second-quarter 2026 operating profit reached SEK 1.095 billion, compared with SEK 912 million in the second quarter of 2025, a 20.07 percent increase. The quarterly revenue figure was SEK 11.198 billion, down 0.90 percent from SEK 11.300 billion in the second quarter of 2025, according to Affarsvarlden. The latest earnings-call transcript also showed operating cash flow of SEK 1.081 billion in the quarter, while operating profit per kilo fell 5.00 percent year over year to SEK 2.25, according to Yahoo Finance.

Three dated capital signals

On May 8, 2026, AAK announced a buyback program with a maximum value of SEK 1.000 billion, according to AAK. On September 28, 2026, the company reported 114,243 repurchased shares for the period from September 21 through September 25, 2026. On October 9, 2026, Nordea reduced its target by SEK 10.00, from SEK 250.00 to SEK 240.00, while retaining its Buy rating, according to Placera.

What comes next for AAK?

AAK is scheduled to release its third-quarter 2026 interim report on October 23, 2026, at 8:30 a.m. CEST, with the presentation and conference call at 10:00 a.m. CEST, according to AAK. The next annual report is listed for February 5, 2027, according to Affarsvarlden.

Market value before the report

AAK's market capitalization was SEK 48.2 billion on October 12, 2026, and its 52-week range was SEK 180.40 to SEK 277.40. The further course of trading is shown by the continuously updated real-time quote of AAK stock.