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After Electrolux has performed worse than the sector in the past year HSBC now sees a turnaround in the development.
The broker has also raised its share price target on the stock to SEK215 from SEK95.
Furthermore, the estimates for Electrolux's EPS for 2010 and 2011 have been upgraded by 74% and 63%, respectively.
Yesterday, the company's B-series shares closed at SEK147, up by 0.96% on the day, on the OMX Nordic Exchange in Stockholm.
(EUR1= SEK10.3)
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