What exactly changed in the Feb 25, 2026 Morgan Stanley note?

On Feb 25, 2026 Morgan Stanley maintained **Underweight** for Boliden while raising the price target to **SEK 534** from **SEK 348**. The move changed the valuation outlook but left the relative recommendation unchanged.

How should I interpret the BDNNY analyst rating now?

The maintained Underweight means Morgan Stanley expects BDNNY to underperform peers. The higher price target signals better valuation or commodity assumptions, but not enough to shift the recommendation.

Does the price target change imply a BDNNY upgrade or downgrade?

No. The action on Feb 25, 2026 raised the **SEK 534** price target but kept the Underweight rating. That is a price-target revision, not a formal upgrade or downgrade.

How does Meyka AI view this BDNNY analyst rating update?

Meyka AI notes the mixed signal and rates BDNNY **B+**. The platform treats the maintained Underweight and higher price target as a cautionary sign for relative performance despite improved valuation assumptions.

Analyst Ratings

Morgan Stanley Maintains Underweight on Boliden AB (publ) BDNNY Feb 25 2026

ByHuzaifa Zahoor February 26, 2026February 26, 2026

Morgan Stanley maintained an Underweight rating on Boliden AB (publ) BDNNY on Feb 25, 2026. The firm raised its price target to SEK 534 from SEK 348 the same day. This action places a clearer signal on the current BDNNY analyst rating mix. The note coincided with a reported price move of 0.27% ($0.43), and reflects Morgan Stanley’s view of relative performance. Investors should weigh the rating against the raised target and broader metal markets.