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UBS has downgraded Sandvik AB from Neutral to Sell, lowering the price target to SEK200 due to concerns over declining volumes in its metal cutting business, which impacts margins. Meanwhile, Deutsche Bank raised its target to SEK238, citing strong demand in mining, while BofA Securities downgraded to Underperform with a target of SEK192, highlighting valuation concerns. Sandvik's recent revenue decline and EBITDA outlook reflect ongoing challenges, despite a solid gross profit margin and dividend yield.
10:20 23.10.2024
UBS has reduced its price target for EQT to SEK 285 from SEK 300, maintaining a "sell" rating. EQT AB, a global investment company based in Sweden, operates in three segments: Private Capital, Real Assets, and Credit, focusing on diverse investments across various sectors and regions.
09:59 23.10.2024
UBS has reduced its target price for EQT to SEK 285 from SEK 300, maintaining a "sell" rating. EQT AB, a Sweden-based global investment company, operates through three segments: Private Capital, Real Assets, and Credit, focusing on diverse investments across various regions and sectors.
09:59 23.10.2024
UBS has reduced its target price for EQT to 285 SEK from 300 and maintains a sell position on the company. EQT AB, a global investment firm based in Sweden, operates through three segments: Private Capital, Real Assets, and Credit, focusing on diverse investments worldwide.
09:59 23.10.2024
UBS has downgraded Sandvik AB to a sell rating, reducing the target price from SEK 230 to SEK 200. Sandvik is a leading global manufacturer of machines and industrial tools, with net sales primarily from mining and infrastructure (50.6%) and cutting tools (40.9%). Geographically, sales are concentrated in North America (24.8%) and Europe (24.7%).
09:59 23.10.2024
UBS has downgraded Boliden AB to a Sell rating while maintaining a price target of SEK 300. As the third largest zinc and copper producer in Europe, Boliden is involved in metal casting, refining, and recycling, with net sales primarily from metal production (98.3%) and extraction (1.7%). The company operates five mines across Sweden, Finland, and Ireland, with significant sales in Germany (19.4%) and the UK (18.6%).
09:58 23.10.2024
UBS has downgraded Boliden AB to a Sell rating while maintaining a price target of SEK 300. As the third largest zinc and copper producer in Europe, Boliden is involved in metal casting, refining, and recycling, with net sales primarily from metal production (98.3%) and extraction (1.7%). The company operates five mines across Sweden, Finland, and Ireland, with significant sales in Germany (19.4%) and the UK (18.6%).
09:58 23.10.2024
Swedbank AB and Svenska Handelsbanken AB reported stronger-than-expected lending profits in the third quarter, despite a decline in absolute levels due to falling interest rates. Swedbank's net interest income fell 5% year-on-year to 12.23 billion kronor, while Handelsbanken's decreased by 3% to 11.76 billion kronor, both surpassing analyst forecasts.
The HFS Bulletin for September 2024 outlines various indices used for illustrative purposes, emphasizing that they are unmanaged and not directly investable. Key indices include the Barclays Corporate High Yield Index, which excludes certain bonds, and the Barclays Global Aggregate Index, representing global investment-grade fixed income markets. Other notable indices cover diverse strategies such as equity hedging, event-driven investing, and macroeconomic trends, providing benchmarks for hedge fund performance across multiple asset classes.
20:21 22.10.2024
Northvolt AB, the Swedish battery manufacturer, has announced layoffs exceeding 1,200 employees following the conclusion of union negotiations. The IF Metall union confirmed that over 800 members will be affected at the Northvolt Ett plant, part of a broader plan to reduce approximately 1,000 jobs. Additionally, around 400 white-collar workers will also be let go.
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