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Article: Nordea ups Swedish Boliden target, says "strong buy".

Article from:
Nordic Business Report
Article date:
October 2, 2009
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NORDIC BUSINESS REPORT-2 October 2009-Nordea ups Swedish Boliden target, says "strong buy"(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

2 October 2009 - Nordea raised today the share price target on Swedish mining and smelting group Boliden AB (STO: BOL) to SEK100 from SEK95 and gave a "strong buy" recommendation.

The upgraded price target follows Nordea's increased estimates for Boliden's EBITDA in 2009-2011 by 4-16% on the back of higher-than-expected metal prices in the third quarter of 2009 and expectations for higher copper volumes in 2010 and 2011.

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