SSAB Danske Bank lowers price target to SEK 50 (60)
2015-08-21 11:04
(SIX) Danske Bank lowers the target price for the Swedish steel company SSAB 50 million from the previous $ 60. Recommendation purchase repeated. It is clear from the letter market on Friday. The cuts made in the wake of China's devaluation of the yuan as exacerbates the negative effects of the overcapacity of the Chinese steels from SSAB's markets, writes the bank. Further expected to SSAB's earnings per share negatively affected by a weaker pricing in the company's US operations. Therefore cut Bank its estimate for earnings per share for 2016-2017 by 32 and 22 percent called it. Gabriel Cardona Cervantes mailto: gabriel.cardonacervantes@six-group.se www.blogg.six.seSIXNews SIX News
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