Boliden downgraded to Hold from Buy at DNB Markets

DNB Markets analyst Johannes Grunselius downgraded Boliden to Hold from Buy with a price target of SEK 376, down from SEK 460. Although the financial impact from the fire at Ronnskar is impossible to quantify, the damage should be substantial for the coming quarters, as the critical cell house has burned down and will need to be rebuilt, the analyst tells investors in a research note. The firm now sees a riskier outlook for Boliden.