Affärsvärlden is maintaining its buy recommendation for forestry and garden equipment company Husqvarna, according to an analysis published on Tuesday.

Both sales and margins fell short of expectations for Husqvarna in the third quarter, and the stock is down around 9 percent on the stock exchange. At the same time, the company, led by new CEO Glen Instone, has announced the closure of a factory in Lysekil.

"On December 10, the company will hold a capital markets day. Presumably, new targets will be presented then. At around SEK 46, expectations for Husqvarna are low. We are maintaining our buy recommendation for the stock. But the new CEO will need to deliver," Affärsvärlden writes.