What exactly changed in the Citigroup note for SCABY on February 04, 2026?

Citigroup maintained a **Neutral** rating and lowered the price target to **SEK 120** from **SEK 128**. The firm adjusted its valuation assumptions but left the recommendation unchanged, signaling a modest downgrade to expected value, not conviction.

How should investors interpret the SCABY analyst rating Neutral?

Neutral means the analyst expects SCABY to perform roughly in line with peers and indices. Investors may hold existing positions and monitor catalysts like pulp prices and margins before increasing exposure.

Does the lowered SCABY price target imply a downgrade?

No. A lower price target is a valuation tweak. Citigroup kept its Neutral rating, so this is not a formal downgrade but a reduced expected upside based on near-term outlook changes.

Where can I find the original analyst note and recent price action?

The Citigroup update was summarized by TheFly on February 04, 2026 [source](https://thefly.com/permalinks/entry.php/id4285058/9261286394/SCABY-Svenska-Cellulosa-price-target-lowered-by-SEK--at-Citi). Recent stock context and live quotes are available on Investing.com [source](https://www.investing.

Analyst Ratings

Citigroup Maintains Neutral on SCABY Svenska Cellulosa Aktiebolaget SCA Feb 2026

ByDanny Kontos February 5, 2026February 5, 2026

Citigroup maintained a Neutral rating and cut the price target to SEK 120 on February 04, 2026, a clear update to the SCABY analyst rating. The move kept the recommendation unchanged while trimming expected value from SEK 128 to SEK 120. Investors should read this as a modest revision to earnings expectations rather than a directional sell signal. The note ties valuation pressure to near-term market and cost dynamics for Svenska Cellulosa Aktiebolaget SCA (publ).