Alfa Laval: shares fall after UBS downgrade
(CercleFinance.com) - Shares in Swedish engineering company Alfa Laval fell sharply on Wednesday after UBS downgraded the stock and cut its target price.
"We think Alfa's order momentum will likely turn negative relative to the sector in 2019," the broker said in a note sent to clients.
UBS now has a "neutral" rating on the share, (vs. "buy" previously), and targets 210 Swedish kronor, from 240 Swedish kronor previously.
The Alfa Laval share is currently down 1.6% at 192.2 Swedish kronor.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We think Alfa's order momentum will likely turn negative relative to the sector in 2019," the broker said in a note sent to clients.
UBS now has a "neutral" rating on the share, (vs. "buy" previously), and targets 210 Swedish kronor, from 240 Swedish kronor previously.
The Alfa Laval share is currently down 1.6% at 192.2 Swedish kronor.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.