Swedish stocks: seen opening marginally higher, Barclays cuts Assa Abloy rating

Betsson AB

03/07/2019 07:31

** Swedish shares seen opening slightly higher on Wednesday, while European
stocks seen opening flat
    ** Asian shares fell on Wednesday as initial enthusiasm over the latest
U.S.-China trade truce was overtaken by fresh concerns over Washington's threat
of tariffs on additional European goods  urn:newsml:reuters.com:*:nL4N2440O5
    ** Preliminary net order data for heavy trucks (Class 8) in North America
show the industry booked 13,000 units in June, up 20% from May, but down 63.5%
from June 2018, ACT Research said late on Tuesday. North American heavy trucks
market is a critical part of AB Volvo's  VOLVb.ST  business
    ** Barclays cuts rating on Assa Abloy  ASSAb.ST  to "equal weight" from
"overweight"
    ** Goldman Sachs raises target price for Essity  ESSITYa.ST  to SEK 300 from
SEK 275, Direkt reports, vs stock's Tuesday close of SEK 292.80
    ** Construction group NCC  NCCb.ST  books provision against current claims
 urn:newsml:reuters.com:*:nFWN244004
    ** DNB Markets lowers target price on Betsson  BETSb.ST  to SEK 75 from SEK
88, news agency Direkt reports, vs stock's close of SEK 57.70 on Tuesday
    ** Kempen & Co raises its recommendation for Castellum  CAST.ST  to "buy"
from "sell" and target price to SEK 195 fromm SEK 160, Direkt reports, compared
with stock's close of SEK 181.75 on Tuesday
    ** SEB Equities raises target price for Evolution Gaming  EVOG.ST  to SEK
220 from SEK 200, Direkt reports, vs stock's Tuesday close of SEK 189.40
    ** SEB Equities raises its recommendation for Avanza  AVANZ.ST  to "hold"
from "sell", Direkt reports
    ** Kempen & Co raises its recommendation for Fabege  FABG.ST  to "buy" from
"hold", Direkt reports
    ** Dustin Group  DUST.ST  Q3 adjusted EBITA up at SEK 124 mln  urn:newsml:reuters.com:*:nFWN24400C
        
 IG pre-market trading Stockholm OMXS30                     +0.2 pct
 Stoxx Europe 50 future                   STXEc1            unchanged 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.4 pct 
 S&P 500 close previous trading day       .SPX              +0.3 pct 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 

 (RM: esha.vaish.thomsonreuters.com@reuters.net)