Electrolux Joint Venture Deals With Midea Remain on Track -- Market Talk
Dow Jones2026/09/10 13:151315 GMT - The Electrolux sales and manufacturing joint ventures with Midea remain on schedule, with the sales venture expected to start contributing to the group from the fourth quarter, Deutsche Bank analyst John Kim writes. The bank recently met with Electrolux management and it says other takeaways include that restructuring programs are also progressing to plan while there has been limited change in end-market demand. Some cost pressure is expected in the second half from higher energy prices, it adds. Deutsche Bank rates Electrolux at hold with a 33 Swedish kronor target price. Shares fall 0.5% to 26.66 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
September 10, 2026 09:15 ET (13:15 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-Dropbox shares fall due to issuance of $1.1 billion convertible bonds
Analyst Says Occidental’s Q4 Oil Guidance Is Weak, Debt Progress Is a Highlight
BUZZ-Janus International shares fall after lowering fiscal year revenue forecast
Crypto prices
More
