Yahoo Finance

Citi analyst Shrey Srivastava downgraded Swedbank (SWDBY) to Neutral from Buy with a price target of SEK 243, down from SEK 295. The bank’s net interest income will remain under pressure near-term from the unwind of “timing differences,” the analyst tells investors in a research note. Citi also opened a “negative 90-day Catalyst Watch” on the shares, expecting a Q1 NII miss.

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• Swedbank price target raised to SEK 295 from SEK 266 at Citi

• Swedbank price target raised to SEK 263 from SEK 241 at Morgan Stanley

• Swedbank downgraded to Underperform from Neutral at BofA

• Swedbank price target raised to SEK 241 from SEK 234 at Morgan Stanley

• Swedbank downgraded to Underweight from Equal Weight at Barclays