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Saab upgraded to Buy from Neutral at Citi

Citi upgraded Saab (SAABF) to Buy from Neutral with a price target of SEK 260, up from SEK 225. Saab’s products have exposure to some of the highest demand areas of European Defense and the company’s new sales guidance reflects exceptionally high demand, the analyst tells investors. The firm sees “an attractive entry point into this high quality name,” the analyst added.

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