|
|
Article: Deutsche Bank raises Electrolux target to SEK190.
- Article from:
- Nordic Business Report
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NORDIC BUSINESS REPORT-12 October 2009-Deutsche Bank raises Electrolux target to SEK190(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
12 October 2009 - Deutsche Bank has raised the share price target on Swedish electronic appliances maker AB Electrolux (STO: ELUX B) to SEK190 and reiterated its "buy" recommendation.
The share price target was set at SEK150 in July.
According to the bank, Electrolux will benefit from a turnaround in the inventory cycle.
The EPS estimates were raised by 40% for 2010 and by 22% for 2011.
The estimates for the organic growth in 2010 were upgraded from a negative 1% to 3%.
Deutsche Bank ...