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ABG Sundal Collier ups price targets on Swedish big banks

Posted on: Wed, 25 Nov 2009 07:22:00 EST

Symbols: SVNLF

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Nov 25, 2009 (M2 EQUITYBITES via COMTEX) --
SVNLF | Quote | Chart | News | PowerRating -- 25 November 2009 - ABG Sundal Collier has raised its share price
targets on Sweden's leading banks Nordea (STO: NDA), Swedbank (STO:
SWED A), Skandinaviska Enskilda Banken (STO: SEB AA), or SEB, and
Svenska Handelsbanken (STO: SHB A), or SHB.

The target on Nordea has been lifted to SEK80 from SEK65, that on
Swedbank -- to SEK75 from SEK70, on SEB -- to SEK40 from SEK35, and on
SHB -- to SEK230 from SEK190.

Furthermore, ABG has upgraded its rating on Swedbank and SHB to "buy"
from "hold" and that on Nordea -- to "hold" from "sell".

The broker has maintained its "sell" recommendation on SEB.

Today, Nordea's stock opened at SEK77.95 on the OMX Nordic Exchange in
Stockholm. The A-series shares in Swedbank, SEB and SHB opened at
SEK65.40, SEK47.62 and SEK205, respectively.

(EUR1 = SEK10.3)

Comments on this story may be sent to 
nbr.feedback@nordicbusinessreport.com

For full details on (SVNLF) SVNLF. (SVNLF) has Short Term PowerRatings at TradingMarkets. Details on (SVNLF) Short Term PowerRatings is available at This Link.

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