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Article: Two brokers up targets after Sweden-based Nordea reports on Q3.
- Article from:
- Nordic Business Report
- Article date:
- November 2, 2009
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NORDIC BUSINESS REPORT-2 November 2009-Two brokers up targets after Sweden-based Nordea reports on Q3(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
2 November 2009 - Svenska Handelsbanken (SHB) and Citigroup have raised their share price targets on Nordea AB (STO: NDA, HEL: NDA1V) after the Sweden-based banking group last week posted better-than-expected results for the third quarter of 2009.
On 28 October 2009, Nordea said its net profit had shrunk to EUR626m in July-September 2009 from EUR655m a year earlier. The result, however, was way above the average estimate for EUR430m of analysts polled by Danish news wire RB Borsen.
In an analysis, ...