Saab downgraded to Sell from Buy at Citi

Citi downgraded Saab (SAABF) to Sell from Buy with a SEK 374 price target The most likely outcome at the Hague summit is that NATO announces defense spending targets of 3.5% of GDP, plus 1.5% on security-related spend, the analyst tells investors in a research note. The firm believes the stock is pricing in more growth than seems likely with that amount of spending, even assuming market share gains.