Swedish stocks: Seen opening higher, Mekonomen warns on profit

Meko AB

18/01/2019 07:54

** Swedish shares seen opening higher on Friday in line with European
markets
    ** Asia stocks advance on U.S.-China trade relief  urn:newsml:reuters.com:*:nL3N1ZI1FW
    ** Mekonomen  MEKO.ST  warned late on Thursday that its fourth quarter
profit would land lower than expected, citing "an abnormally weak market" in
Europe in the quarter  urn:newsml:reuters.com:*:nL8N1ZI0MR
    ** Kepler Cheuvreux cuts Mekonomen target price to SEK 115 from SEK 135, vs
closing price of SEK 92.40 on Thursday, after the company's profit warning 
    ** Oriflame  ORIFL.ST  gives preliminary figures for Q4, including sales
drop of 3 pct to EUR 370 mln and operating profit of EUR 50 mln, lower than
Refinitiv Estimates for revenues of 377 mln and EBIT of 51.30 mln  urn:newsml:reuters.com:*:nWkr2wKcg5
    ** Kinnevik  KINVb.ST  nomination committee proposes two new directors to
Kinnevik board. One of the new proposed directors, Susanna Campbell, leaves
Telia Company's  TELIA.ST  board of directors  urn:newsml:reuters.com:*:nFWN1ZH0Z8  urn:newsml:reuters.com:*:nFWN1ZI05P
    ** Nordea raises Ericsson  ERICb.ST  target price to SEK 91 from SEK 89 vs
closing price of SEK 75.90 on Thursday 
    ** Credit Suisse cuts Sandvik  SAND.ST  target price to SEK 152 from SEK 160
vs closing price of SEK 135.65 on Thursday
    ** Credit Suisse lowers Atlas Copco  ATCOa.ST  target price to SEK 205 from
SEK 210 vs closing price of SEK 224.20 on Thursday
 
       
 IG pre-market trading Stockholm OMXS30                     +0.7 pct
 Stoxx Europe 50 future                   STXEc1            +0.5 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.7 pct 
 S&P 500 close previous trading day       .SPX              +0.8 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    
    
    

 (RM:olof.swahnberg.thomsonreuters.com@reuters.net)