BofA analyst Tarik Mejjad downgraded Swedbank (SWDBY) to Underperform from Neutral with a price target of SEK 217, down from SEK 239. The firm says the bank’s valuation is too high given its expected drop in net interest income.
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Read More on SWDBY:
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- Swedbank price target lowered to SEK 210 from SEK 215 at JPMorgan
- Swedbank upgraded to Outperform from Market Perform at Handelsbanken