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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Assa Abloy Slips as BofA Downgrades on Raw Material Costs

13/10 09:02


  • (PLX AI) – Assa Abloy fell 2% at the open after Bank of America analysts downgraded the stock on worries about accelerating input cost increases.
  • • Assa Abloy cut to neutral from buy at BofA, with price target cut to SEK 265 from SEK 315
  • • Raw material inflation is worsening for Assa, and may be sustained because of production constraints in China, BofA said
  • • Assa has pricing power, but the divergence between input and output prices is likely to continue, BofA said