Sandvik upgraded to Market Perform from Underperform at Bernstein

Bernstein analyst Nicholas Green upgraded Sandvik (SDVKY) to Market Perform from Underperform with a price target of SEK 218, up from SEK 183. Sandvik is likely to benefit from alleviation of short-cycle destocking, plus the benefits of a new mid-term plan at their May Capital Markets Day, the analyst tells investors.