(CercleFinance.com) – UBS reaffirms its ‘sell’ recommendation on Alfa Laval while raising its price target from 334 to 398 Swedish crowns, a new target which nevertheless leaves 15% downside potential for the engineering group’s stock Swedish.
‘While Alfa appears likely to exceed order consensus in the near term, we see the opposite for subsequent quarters,’ the broker warns of the heat exchange, separation and fluid transfer specialist.
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