The investment company that SBB has become delivered a Q1/26 report below our expectations, and the company also lowered its earnings capacity. In conjunction with this update, we have amended our estimates, reducing EBIT, increasing financial expenses and lowering the forecasted result contribution from associated companies. All together, this means a lower estimated cash profit/share in the coming years and we deem it fair to thus reduce our target price to SEK 6 (7) while reiterating BUY
