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Article: DnB NOR initiates Electrolux with "sell".(Brief article)
- Article from:
- Nordic Business Report
- Article date:
- October 7, 2009
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NORDIC BUSINESS REPORT-7 October 2009-DnB NOR initiates Electrolux with "sell"(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
7 October 2009 - DnB NOR Markets started monitoring Swedish electronic appliances maker AB Electrolux (STO: ELUX B) with a "sell" recommendation and a share price target of NOK120.
"The expectations for an improvement of the company's margins and a general improvement in the world economy have sent the stock up by more than 130% this year," DnB NOR said in a note today.
However, the broker considers that the market has overvalued ...