Nordea reiterates the Buy recommendation for the home automation company Plejd and lowers the target price to SEK 1,000 from the previous SEK 1,050.In an analysis, Nordea writes that it is lowering its EBIT forecasts for Plejd by 1-4 percent for 2026-2028, after slightly revising down the margin assumptions. At the same time, continued strong growth and improved profitability are expected.For the first quarter, EBIT (operating profit) is forecast at SEK 78 million, corresponding to an increase of 37 percent and a margin of 26.8 percent. The bank expects the company's scalable business model and expansion plans to continue to drive performance, with the Netherlands as an important growth market.Nordea forecasts an average annual sales growth of about 27 percent for 2025-2027 and EBIT growth of about 40 percent, with margin expansion of around 450 basis points over the period.