Assa Abloy: UBS reiterates 'buy' rating; sees 'growth story'
(CercleFinance.com) - UBS on Thursday reiterated its "buy" rating on Assa Abloy, with a target price of 214 Swedish kronor, seeing a "growth story" in the Swedish lock maker.
At the group's Capital Markets Day, the Assa Abloy Americas division's presentation concluded with a positive outlook for further growth acceleration into the future, the broker said.
"Management believes they are the current market leader in the residential segment but also highlight further potential stemming from smart solutions applications into non-residential," UBS said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
At the group's Capital Markets Day, the Assa Abloy Americas division's presentation concluded with a positive outlook for further growth acceleration into the future, the broker said.
"Management believes they are the current market leader in the residential segment but also highlight further potential stemming from smart solutions applications into non-residential," UBS said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.