Morgan Stanley downgraded Nibe Industrier (NDRBF) to Underweight from Equal Weight with an unchanged price target of SEK 39. The firm believes consensus estimates are too high given as Nibe is facing structural oversupply that will pressure margins.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDRBF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue