Deutsche Bank downgraded SSAB AB to Hold from Buy with an unchanged price target of SEK 90. SSAB has been one of the firm’s 2024 top picks, but it has rallied by 50% since the upgrade to Buy in October, the analyst tells investors in a research note. The firm cites valuation for the downgrade.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SSAAY:
- SSAB AB price target raised to SEK 103 from SEK 99 at JPMorgan
- SSAB AB price target raised to SEK 90 from SEK 86 at Deutsche Bank
- SSAB AB upgraded to Hold from Sell at Pareto
- SSAAY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- SSAB AB price target raised to SEK 99 from SEK 90 at JPMorgan