Goldman Sachs downgraded Swedbank (SWDBY) to Sell from Neutral with a price target of SEK 282, up from SEK 273. The firm adjusted ratings in the European bank group as part of its outlook for 2026. Goldman remains remain constructive on the outlook for the sector, saying investor focus is shifting from interest rates and credit to growth and efficiency. It thinks capital deployment will remain key for shareholder value creation.
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