Essity downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded Essity (ETTYF) to Underweight from Equal Weight with a price target of SEK 230, down from SEK 290. The firm says that while beauty remains an attractive category, structural and cyclical pressures are creating a “new paradigm that global manufacturers are having to adapt to.” Barclays adjusted ratings in the sector.