UBS analyst Guillermo Peigneux-Lojo downgraded Assa Abloy to Neutral from Buy with a price target of SEK 271, up from SEK 270. The analyst says the company’s growth is now fairly priced into the shares. The shares fairly reflect the balance of Assa’s profitable growth prospects and the near-term risks stemming from its end markets slowdown and acquisition integration, the analyst tells investors in a research note.
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