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Assa Abloy: Berenberg maintains 'buy' rating

( - Berenberg maintains its "buy" rating on Assa Abloy shares, with a target price of 205 Swedish kronor, citing the Swedish engineering group's defensive status as the outlook for industrials deteriorates.

In a note to clients, the German broker also points out the company's earnings power, which has materially strengthened over the past few years, it says.

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