Sagax tempted after unjustified decline, raises to buy - Di
Sagax is now described as tempting after what SEB considers an unjustified decline. But although SEB sees opportunities after the recent slump, it also flags a risk that organic growth will be low this year due to modest growth in net operating income and rising borrowing costs. According to SEB, this raises some concerns about growth in income from property management, Dagens industri reports.
The target price is lowered to SEK 270 (287), which still offers an upside of about 20 percent in Sagax from the current price level.
During the week, Carnegie also raised Sagax to buy.
In addition to Sagax, SEB also raised Erik Selin's Balder to buy (keep) on Thursday.
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