Alfa Laval: Barclays upgrades in turn
(CercleFinance.com) - One day after Credit Suisse upgraded Alfa Laval, Barclays, in turn, raised its rating on the stock on Wednesday, now rating the Swedish engineering firm "equal weight" from "underweight" previously.
In a note on European capital goods companies, Barclays pointed out that Alfa Laval has underperformed the sector by 7% since the market bottomed out in March 2020.
Alfa Laval remains near its all-time record discount to the sector, the broker said, raising its target price on the share from 190 Swedish kronor to 260 Swedish kronor.
Alfa Laval shares are currently down 0.7% in Stockholm.
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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.
In a note on European capital goods companies, Barclays pointed out that Alfa Laval has underperformed the sector by 7% since the market bottomed out in March 2020.
Alfa Laval remains near its all-time record discount to the sector, the broker said, raising its target price on the share from 190 Swedish kronor to 260 Swedish kronor.
Alfa Laval shares are currently down 0.7% in Stockholm.
Copyright (c) 2021 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.