Deutsche Bank Gives Skanska Buy, SEK300 Target

Deutsche Bank initiates coverage on Skanska AB with a “buy” rating and sets a target price of SEK300 per share.
Analyst Jonathan Coubrough forecasts 15% EPS compound annual growth from FY2025 to FY2028, driven by a shift toward the construction division.
Deutsche Bank highlights construction margin improvement, high backlog, and stable earnings, noting potential upside from project development not yet reflected in forecasts.
The bank notes a 5.5% special dividend paid in 2025 and suggests further special returns could be possible.