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Article: S&P downgrades Securitas to "hold" - 2.
- Article from:
- Nordic Business Report
- Article date:
- August 4, 2009
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NORDIC BUSINESS REPORT-4 August 2009-S&P downgrades Securitas to "hold" - 2(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
4 August 2009 - S&P Equity Research downgraded on Monday its rating on Swedish security services group Securitas AB (STO: SECU B) to "hold" from "buy" and set the share price target at SEK73.
The rating downgrade is due to the fact that S&P does not see Securitas' more defensive features as valuable in a generally more risk-inclined market.
The broker is positive about Securitas' resistance capability and flexibility but estimates that the company will underperform its main rival, UK-based G4S plc (LON: GFS), in ...