SSAB AB upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded SSAB AB to Buy from Hold with a price target of SEK 86, up from SEK 78. Despite having seen EBITDA upgrades of almost 100% for 2023 over the last year, the shares have fallen back to a 12-month low, the analyst tells investors in a research note. The firm says the share pullback provides a buying opportunity.