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Dometic Inches 1% Higher as Analysts Digest Competitor Takeover


2/9 09:16


  • (PLX AI) – Dometic shares were up 1% in early trading as analysts pondered the pros and cons of competitor Airxcel getting bought by Thor.
  • • Airxcel is Dometic's largest U.S. competitor in the market for motor home air conditioners
  • • This deal may make it more difficult for Dometic to build business with Thor, the largest player in the U.S. and second-largest in Europe, Kepler Cheuvreux said
  • • The deal could be "somewhat negative" for Dometic, Pareto Securities said
  • • However, Dometic gets 50% of its sales outside of the OEM area, with a more robust revenue profile and higher margins, and it has a credible organic growth history, Kepler said
  • • Dometic remains a very attractive investment case, Kepler said, reiterating a buy recommendation with price target SEK 175