Barclays analyst James Winchester downgraded Nibe Industrier to Equal Weight from Overweight with a price target of SEK 52, down from SEK 75. The analyst says increased operating deleverage and inventory destock leave the firm with further EBIT downgrades. The market is unlikely to look through this given heightened end-market uncertainty, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDRBF:
- Nibe Industrier initiated with an Underperform at Exane BNP Paribas
- Nibe Industrier initiated with a Buy at Citi
- NIBE Industrier AB (0RH0) Announces Q2 Dividend: Read On for Important Dates
- 0RH0 Earnings this Week: How Will it Perform?
- Nibe Industrier upgraded to Equal Weight from Underweight at Morgan Stanley