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HSBC rates "neutral" on Swedish industrial stocks

Posted on: Thu, 26 Nov 2009 08:48:00 EST

Symbols: ATLKY

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London,, Nov 26, 2009 (M2 PRESSWIRE via COMTEX) --
ATLKY | Quote | Chart | News | PowerRating -- 26 November 2009 - HSBC has rated "neutral" on Swedish industrial
companies AB SKF (STO: SKF B), Atlas Copco AB (STO: ATCO A) and Alfa
Laval AB (STO: ALFA), and on Swiss-Swedish ABB Ltd (VTX: ABBN, STO:
ABB).

The broker has reaffirmed its "neutral" recommendation on SKF, Atlas
Copco and Alfa Laval, while downgrading ABB to "neutral" from
"overweight".

The share price target on SKF has been hiked to SEK135 from SEK118,
that on Atlas Copco -- to SEK115 from SEK95, and on Alfa Laval -- to
SEK100 from SEK87.

The target on ABB has been maintained at CHF20.

Today, the B-series share in SKF opened at SEK118.80 on the OMX Nordic
Exchange in Stockholm, the A-series share in Atlas Copco -- at
SEK102.30, and the stock in Alfa Laval -- at SEK95.45. ABB's share
opened at CHF19.02 on the SIX Swiss Exchange.

(EUR1 = SEK10.5, EUR1 = CHF1.5)

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

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