JPMorgan downgraded SKF AB to Underweight from Neutral with a price target of SEK 170, down from SEK 185. The analyst changed ratings in the European capital goods sector as part of a 2024 outlook. The group is positioned to be a beneficiary of a number of the structural growth drivers but there is competition for capital in the electricals space, 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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SKFRY:
- SKF AB just upgraded at Exane BNP Paribas, here’s why
- SKF strengthens magnetic bearings offer by acquiring fibre composite company
- SKF AB price target lowered to SEK 159 from SEK 162 at Barclays
- SKF AB upgraded to Outperform from Market Perform at Handelsbanken
- SKF AB upgraded to Hold from Sell at Nordea
