---
title: "收益報告後針對投資者的分析師更新：SEB 和 Pareto 將評級下調至持有"
description: "在投資者的季度報告發布後，分析師們更新了他們的評估。Ålandsbanken 維持了積極的展望，強調了強勁的資產負債表和更高股息的潛力。然而，Pareto 和 SEB 將他們的評級下調至持有，理由是上市投資組合的上行空間有限以及淨資產折價。Pareto 將目標價格下調至 350 克朗，SEB 則下調至 372 克朗。相反，ABG Sundal Collier、Handelsbanken、Keple"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/273493314.md"
published_at: "2026-01-23T09:19:29.000Z"
---

# 收益報告後針對投資者的分析師更新：SEB 和 Pareto 將評級下調至持有

> 在投資者的季度報告發布後，分析師們更新了他們的評估。Ålandsbanken 維持了積極的展望，強調了強勁的資產負債表和更高股息的潛力。然而，Pareto 和 SEB 將他們的評級下調至持有，理由是上市投資組合的上行空間有限以及淨資產折價。Pareto 將目標價格下調至 350 克朗，SEB 則下調至 372 克朗。相反，ABG Sundal Collier、Handelsbanken、Kepler Cheuvreux 和 DNB Carnegie 提高了他們的目標價格，推薦評級從買入到持有不等

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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