Assa Abloy: Berenberg maintains 'buy' rating
(CercleFinance.com) - Berenberg maintains its "buy" rating on Assa Abloy shares, with a target price of 205 Swedish kronor, citing the Swedish engineering group's defensive status as the outlook for industrials deteriorates.
In a note to clients, the German broker also points out the company's earnings power, which has materially strengthened over the past few years, it says.
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.
In a note to clients, the German broker also points out the company's earnings power, which has materially strengthened over the past few years, it says.
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.