Sandvik Shares - Morgan Stanley lifts target after index changes

Sandvik stock draws fresh attention after Morgan Stanley raised its price target and reiterated its rating, while the engineering group continues to position its mining and rock solutions business in a competitive industrial landscape.

Edited by ad hoc news Analyst & Consensus Desk. Verified prior to publication on 06/22/2026, 08:26 CET. Details in the imprint.

Sandvik (SE0000667891) sits in focus for analysts after a fresh target move from a major US bank. Morgan Stanley raised its price target on the Swedish engineering group and reiterated an Equal Weight rating, according to a Bloomberg-based summary of the bank's update.

What Morgan Stanley changed

Morgan Stanley has increased its price target for Sandvik shares to SEK 410 from SEK 390 and kept its Equal Weight recommendation in place, according to a broker note summary carried by MarketScreener, citing Bloomberg News.

The updated target implies modest expected upside from recent trading levels and suggests the bank sees Sandvik as fairly valued relative to peers, rather than a clear over- or underperformer. The note reflects the broker's refreshed view on earnings power and sector dynamics.

How Sandvik sits in analyst consensus

Sandvik remains widely covered by European brokerages, with a mix of Buy, Hold and occasional Sell ratings across the market. Consensus data collated on financial platforms typically point to a mid-range target corridor, with implied potential that is neither aggressive nor negligible.

Broker commentary often highlights Sandvik's strong exposure to mining and infrastructure demand, but also recurring concern about cyclical swings in capital expenditure and order intake. The latest move from Morgan Stanley slots into this pattern of cautious but constructive coverage.

How the company makes money

Sandvik generates most of its revenue from industrial equipment and services, with a particular emphasis on mining and rock solutions such as underground drills, loaders and crushing equipment. The group complements hardware with aftermarket parts, digital solutions and productivity services for long-term customer relationships.

Where the stock trades today

Sandvik shares (SE0000667891) trade on Nasdaq Stockholm at SEK 240.50 as of 06/22/2026, 08:26 CET.

Sandvik at a glance

• Company: Sandvik AB
• ISIN: SE0000667891
• WKN: 865956
• Ticker: SAND
• Venue: Nasdaq Stockholm
• Price (as of 06/22/2026, 08:26 CET): 240.50 SEK
• Market cap: 298,000,000,000 SEK (as of 06/22/2026)
• Sector / Industry: Industrials / Machinery
• Index membership: OMXS30
• Next earnings date: 07/17/2026

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.