Wednesday May 7, 02:00 PM
Kungsleden "buy," target price reduced
By Aurel-Leven
LONDON, May 7 (newratings.com) - Analysts at Aurel Leven Securities maintain their "buy" rating on Kungsleden AB (Stockholm: KLED.ST - news)
(ticker: KUK). The target price has been reduced from SEK108 to SEK80.
In a research note published this morning, the analysts mention that the company continues to have an attractive business model, with its sound underlying markets, expansion into Germany and opportunist positioning. Kungsleden is financially more stretched than its peers, the analysts add. The achievement of the company's 2008 distributable profitability target is contingent upon undefined capital gains on disposals, Aurel Leven Securities says.
© 2008 New Ratings
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