Essity downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded Essity to Underweight from Equal Weight with a price target of SEK 236, down from SEK 263. Essity’s structural shift will be positive over the long term with the Vinda sale but in the near term Barclays is cautious on its European hygiene position and volume growth in fiscal 2024, the analyst tells investors in a research note.