Evolution AB downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs downgraded Evolution AB (EVGGF) to Sell from Neutral with a price target of SEK 545, down from SEK 785. The stock retained a solid financial profile and the valuation screened attractively relative to this, but the combination of slower growth, regulatory overhangs and the lack of visibility on earnings growth improving would limit the opportunity for a re-rating in the near term, the analyst tells investors in a research note.