Assa Abloy: UBS recommends investors buy share

(CercleFinance.com) - UBS recommends investors buy the shares of the world's largest lockmaker, Assa Abloy, with a target price of 220 Swedish kronor, seeing "further growth potential.
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In a note to clients, the broker said data confirm increasing home security adoption trends, underpinning Assa's growth profile.

However, Assa Abloy shares do not seem to be benefitting from these positive comments on Friday, currently down 2.3% at 185 Swedish kronor.

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