Electrolux upgraded to Neutral from Sell at Citi

Citi analyst Martin Wilkie upgraded Electrolux to Neutral from Sell with a SEK 120 price target. Appliance spending remains weak year-over-year but there are signs that sequential U.S. volumes are flat in Q3 relative to the Q2 exit rate, as measured by credit card appliance transaction data, the analyst tells investors in a research note.