07:36 AM EDT, 08/12/2026 (MT Newswires) -- RBC Capital Markets initiated its coverage of Saab (SAAB-B.ST) with a sector perform rating and price target of 600 kronor as part of its wider European Defence Primes sector launch. "We expect Saab to deliver a 21% 2025-30E EBITA CAGR, well ahead of the RBC Euro Defence average of 16%. This is supported by the highest exposure to innovative defence-spend in our coverage (21% of sales). However, we also see this strong performance as largely reflected in the valuation - it is Europe's joint-most expensive defence name on a ~50% peer premium on 2026E P/E, and above its 10-yr sector premium of 26%," the research firm said Tuesday. Analysts also noted a strong mid-term geographic growth outlook for the Swedish defense and security company. This view is supported by an expected increase in defense spending in Europe and in Saab's home market of Sweden, which respectively account for 67% and 41% of its sales, over the 2025 to 2030 period.

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