Alfa Laval: share price falls, analyst upgraded to Sell

(CercleFinance.com) - Alfa Laval's share price has fallen by almost 2.
5% following a negative analysis by UBS.

UBS has lowered its recommendation on the stock to Sell (from Neutral), with a price target lowered to SEK 334 (from SEK 430), representing a potential downside of 13% from the current price.

' After a 55% outperformance of the share over the last three years, we see 2024 as a transition year and expect Alfa to underperform as orders take a breather' says UBS.

For the first nine months of the year, Alfa Laval's sales came to SEK 45,759 million (vs. SEK 35,651 million a year earlier), with adjusted EBITA of SEK 7391 million (vs. SEK 5709 million a year earlier) and net income of SEK 4811 million (vs. SEK 3309 million a year earlier).

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