Swedish stocks: Seen opening slightly lower, Nordea cuts Hexagon view

Axfood AB

08/07/2019 07:54

** Swedish shares seen opening marginally lower on Monday in line with
European markets
    ** Asian shares fell on Monday after strong U.S. jobs data tempered
expectations for a Fed rate cut, while the Turkish lira hovered near two-week
lows on worries about central bank independence
    ** Nordea cuts its recommendation on Hexagon  HEXAb.ST  to sell from hold,
according to news agency Direkt
    ** DNB Markets cuts its recommendation on Hexagon to hold from buy,
according to Direkt
    ** Citi Investment Research cuts its recommendation on Tele2  TEL2b.ST  to
neutral from buy
    ** Barclays cuts its target price on SEB  SEBa.ST  to SEK 93 from SEK 94, on
Swedbank  SWEDa.ST  to SEK 156 from SEK 159, and on Handelsbanken  SHBa.ST  to
SEK 96 from SEK 104
    ** Deutsche Bank cuts its target price on SEB to SEK 104.20 from SEK 106, on
Swedbank to SEK 167 from SEK 172, and on Handelsbanken to SEK 104.20 from SEK
110
    ** Kepler Cheuvreux raises its target price on Axfood  AXFO.ST  to SEK 180
from SEK 160, according to Direkt
    ** Handelsbanken Capital Markets raises its recommendation on Dios  DIOS.ST 
to hold from sell, and Pareto raises its recommendation to buy from hold,
according to Direkt 
    ** ICA Gruppen  ICAA.ST : sales in Ica stores increased by 1.6% in June 2019
compared with corresponding month last year  urn:newsml:reuters.com:*:nFWN248014
    ** Wihlborgs Fastigheter  WIHL.ST  Jan-June income from property management
SEK 873 mln (679)
    ** Catena  CATE.ST  Q2 rental income rises to SEK 291 mln 
        
 IG pre-market trading Stockholm OMXS30                     -0.1 pct
 Stoxx Europe 50 future                   STXEc1            -0.2 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     -1.5 pct 
 S&P 500 close previous trading day       .SPX              -0.2 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    
    
    
    
    

 (RM: helena.soderpalm.thomsonreuters.com@reuters.net)