Barclays stays bullish on Saab, lifts target price to SEK 755

Barclays kept an "overweight" rating on Saab and raised its target price to SEK 755 from SEK 740, citing stronger earnings estimates and continued order momentum. The broker lifted its 2027-2028 EPS forecasts by 2% and expects third-quarter EBIT of SEK 1.93 billion ($196 million), about 4% above consensus, helped by stronger margins in the Surveillance unit. Potential deals could take backlog to about SEK 548 billion, or 5.6 times 2026 revenue, Barclays says.