SKF only large stock worth a ‘buy’ rating in in Sweden

Ballbearing maker SKF is the only larger Swedish company to retain a ‘buy’ recommendation from Goldman Sachs currently, notes Affärsvärlden, itself quoting Reuters.

Other key industrials that the US investment bank has lowered its recommendation on include: Electrolux (white goods), Alfa Laval (fluid handling and liquid separation), Sandvik (tools and tooling systems), Ericsson (telecoms), Assa Abloy (security solutions), and Husqvarna (outdoor power products).

Goldman Sachs’ view on all of these is that they merit at best a ‘neutral’ recommendation, but it has a ‘sell’ recommendation on both Assa Abloy and Husqvarna, Affärsvärlden reports.

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