SKF Upgraded to "Buy"

Analysts at Dresdner Kleinwort upgrade SKF AB (SKFB.ETR) from "hold" to "buy." The target price is set to SEK150.

In a research note published this morning, the analysts mention that the recent decline in SKF’s share price implies that the company is likely to reduce its dividend. The concerns surrounding a potential decline in SKF’s dividend are unwarranted, the analysts say.

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