SKF Could Face Short-Term Headwinds From U.S Tariffs -- Market Talk
Dow Jones
Feb 03, 2025
1155 GMT - SKF could face short-term uncertainty regarding volumes and new U.S. tariffs, Barclays analysts say in a research note. The Swedish bearing and seal manufacturing company's fourth quarter key results beat estimates. However, there are some clouds on the recovery horizon, the analysts say. Despite SKF's strong long-term profitability improvement story, any new tariffs on Mexican or Chinese products would likely could hurt sentiment, they say. Shares trade 3.8% lower at 216.20 Swedish krona. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 06:55 ET (11:55 GMT)
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