Swedish stocks: Seen opening higher, Goldman Sachs ups Sandvik recommendation

SkiStar AB

20/06/2018 07:46

** Swedish shares seen opening higher on Wednesday in line with European
markets
    ** Asian stock markets picked up steam in afternoon trade on Wednesday after
a wobbly morning session, highlighting the lingering anxiety and uncertainty
surrounding a heated trade dispute between China and the United States
    ** Goldman Sachs lifts its recommendation for metal-cutting tools and mining
gear maker Sandvik  SAND.ST  to buy from sell, and raises the target price to
190 SEK from 150 SEK. Sandvik closed at 152.30 SEK on Tuesday 
    ** Goldman Sachs cuts bearings maker SKF  SKFb.ST  to sell from neutral, and
cuts the target price to 160 SEK from 180 SEK. SKF closed at 168.65 SEK on
Tuesday
    ** Deutsche Bank cuts its target price on SEB  SEBa.ST  to SEK 105 from SEK
110 and on Nordea  NDA.ST   NDA1V.HE  to EUR 10.90 from EUR 11.10
    ** Deutsche Bank also cuts its target price on Handelsbanken  SHBa.ST  to
SEK 112 from SEK 119 and raises its target price on Swedbank  SWEDa.ST  to SEK
217 from SEK 200
    ** Deutsche Bank starts coverage of Epiroc  EPIRa.ST  with hold rating, SEK
97 target price
    ** JP Morgan cuts its target price on Atlas Copco  ATCOa.ST  to SEK 295 from
SEK 390
    ** SEB Equities raises its recommendation on Peab  PEABb.ST  to hold from
sell, according to news agency Direkt
    ** Deliveries of the six biggest categories of white goods (AHAM 6) in the
United States fell 10.5 percent year-on-year in May, data from industry body
Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday
 ELUXb.ST 
    ** Denmark's A.P. Moller-Maersk  MAERSKb.CO  has chosen Carolina Dybeck
Happe, current CFO of Assa Abloy  ASSAb.ST , as its new CFO, it said on
Wednesday
    ** SkiStar  SKISb.ST  Q3 net profit falls to SEK 240 million  urn:newsml:reuters.com:*:nFWN1TL0QF
    ** Skanska  SKAb.ST  wins order worth about 500 million SEK  urn:newsml:reuters.com:*:nFWN1TM01H
    ** Hemfosa  HEMF.ST  has conducted a directed share issue of 10 mln shares
at SEK 108.5 per share
    
        
 IG pre-market trading Stockholm OMXS30                     +0.5 pct
 Stoxx Europe 50 future                   STXEc1            +0.7 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.9 pct 
 S&P 500 close previous trading day       .SPX              -0.4 pct 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    

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