Exane starts coverage on appliance makers SEB and De Longhi
19/09/2024 11:56
** Exane BNP Paribas says the global small domestic
appliances (SDA) market is normalising and expects emerging
consumption trends, new products to support demand
** Brokerage initiates SEB SEBF.PA at "outperform" and De
Longhi DLG.MI at "neutral" citing their expansion in the
professional market as positive despite demanding short-term
comparables
** It says SEB provides a favourable risk-reward profile
after its shares dropped 17% YTD as of Wednesday's close
** As of 1055 GMT SEB up 2.1%, while De Longhi is down 0.3%
(Reporting by Michela Stasio)
((Michela.stasio@thomsonreuters.com))