Kepler cuts Dustin to 'hold' after profit warning

Dustin AB

11/12/2024 11:30

** Kepler Cheuvreux downgrades Dustin  DUST.ST  to "hold"
from "buy" and on negative profit warning that the Swedish IT
services provider issued at the end of November 
    ** The broker sees increased risk for another rights issue
on the worsening leverage ratio and cuts its PT by 57% to SEK
4.70
    ** It expects the market to remain weak short term
    ** Stock are down 5.5% at 1127 GMT, hitting a fresh all-time
low of SEK 4.13 earlier in the session 
    ** Out of five analysts covering Dustin, ​one rates the
stock "buy,"​​ three "hold" and one rates it "sell"

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))