Pareto Securities raises its target price for metrology company Hexagon in an analysis that underlines expectations of improved market conditions in 2025.

"We see a cyclical upturn in markets in 2025, together with a return to stable growth with potential upside via product launches and the spin-off, as reasons to increase exposure to one of our top picks for 2025," the research house writes.

The new target price is SEK 145 (140). Buy is reiterated.