---
title: "Analyst Updates for Investor Following Earnings Report: SEB and Pareto Downgrade to Hold"
description: "Following Investor's quarterly report, analysts have updated their assessments. Ålandsbanken maintains a positive outlook, highlighting a strong balance sheet and potential for higher dividends. Howev"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273493314.md"
published_at: "2026-01-23T09:19:29.000Z"
---

# Analyst Updates for Investor Following Earnings Report: SEB and Pareto Downgrade to Hold

> Following Investor's quarterly report, analysts have updated their assessments. Ålandsbanken maintains a positive outlook, highlighting a strong balance sheet and potential for higher dividends. However, Pareto and SEB downgraded their ratings to hold, citing modest upside in the listed portfolio and a NAV discount. Target prices were adjusted downwards by Pareto to 350 kronor and SEB to 372 kronor. Conversely, ABG Sundal Collier, Handelsbanken, Kepler Cheuvreux, and DNB Carnegie raised their target prices, with recommendations ranging from buy to hold.

The investment company Investor has received new analyst assessments following its quarterly report.

Ålandsbanken maintains a positive outlook on the stock, citing the company's proven ability to increase its net asset value.

"The balance sheet remains strong (both at the group level and in most portfolio companies), which gives Investor significant room for continued add-on acquisitions and a rising dividend. We still believe that the proposed dividend (5.60 kronor, corresponding to a yield of 1.7 percent) is clearly lower than what Investor has the capacity to distribute – hopefully, this can be offset by higher activity in the portfolio going forward," the bank states.

Pareto downgrades Investor to hold from buy and lowers its target price to 350 from 352.

"Despite operational improvements in the unlisted portfolio, the upside in the listed portfolio (79 percent of GAV) is modest based on PAS-covered names. Combined with a NAV discount of 8 percent, below the 3/5-year average, we find the risk/reward less attractive," Pareto writes.

SEB also downgrades to hold from buy and lowers its target price to 372 kronor from 388.

"With Patricia down 9 percent in 2025, Investor was saved by its listed holdings. Since 2022, the listed portfolio has outperformed Investor by 1.8 percent per quarter, meaning Patricia has been a drag. Our currency strategists expect the dollar and euro to continue weakening against the Swedish krona, which creates headwinds for Patricia's valuation and justifies a higher discount in 2026, in our assessment," the major bank notes.

On Friday, ABG Sundal Collier also raised its target price to 380 kronor (from 355) with a buy recommendation, Handelsbanken raised its target to 365 kronor (from 340) with a hold, Kepler Cheuvreux raised its target to 385 kronor (from 361) with a buy, and DNB Carnegie raised its target for Investor to 375 kronor (from 355), maintaining its buy rating.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.