Sandvik AB, a global manufacturer of machines and industrial tools, has been downgraded to a "sell" rating by UBS. The target price has been adjusted from SEK 230 to SEK 200.

Sandvik generates its net sales primarily from three product categories: machines and tools for mining and infrastructure (50.6% of sales), cutting tools and machine-tools for metal machining (40.9% of sales), and equipment for rock and mineral processing (8.5% of sales).

Geographically, Sandvik's net sales are distributed as follows: Sweden (1.9%), Europe (24.7%), North America (24.8%), Asia (18.6%), Australia and New Zealand (11.8%), Africa and the Middle East (11.6%), and South America (6.6%). With its diverse product offerings and global reach, Sandvik is a key player in the industrial tools sector.