Swedish stocks: Seen slightly down, MTG Q1 tops forecast

Systemair AB

23/04/2018 07:24

** Swedish shares seen opening slightly lower on Monday
    ** Telecom operator Tele2  TEL2b.ST  reported quarterly earnings which
narrowly beat analyst forecasts, and announced more detailed targets on leverage
and shareholder payouts after it merges with Com Hem  COMH.ST , a deal which is
still not closed  urn:newsml:reuters.com:*:nFWN1S0032
    ** Media group MTG  MTGb.ST  reported Q1 core earnings and sales above
analyst forecasts  urn:newsml:reuters.com:*:nFWN1S003B
    ** A string of banks are turning more positive on Ericsson  ERICb.ST 
following the company's better than expected earnings report on Friday. 
    Credit Suisse raises its price target to 50 SEK, while Barclays and
Citigroup move up to 60 SEK and 65 SEK respectively. Ericsson shares soared on
Friday and closed at 65 SEK.
    ** Business daily Dagens Industri gives a buy recommendation for ventilation
firm Systemair  SYSR.ST 
    ** AAK  AAK.ST  and Alfa Laval  ALFA.ST  are among the bigger Swedish firms
reporting quarterly earnings later on Monday

 IG pre-market trading Stockholm OMXS30                     -0.2 pct
 Stoxx Europe 50 future                   STXEc1            +0.1 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     -0.4 pct 
 S&P 500 close previous trading day       .SPX              -0.9 pct 
  
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    

 (RM: johannes.hellstrom.thomsonreuters.com@reuters.net)