(CercleFinance.com) – Alfa Laval fell 3% on the OMX, penalized by a downgrading of opinion at Credit Suisse from ‘neutral’ to ‘underperformance’ with a price target reduced from 345 to 270 Swedish crowns on the title of specialist in heat exchange systems.
The broker notes a ‘relatively good performance of Alfa Laval shares compared to the sector despite the deterioration of marine data and additional inflation in the cost of raw materials, which could affect its EBITA margin’.
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