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Credit Suisse raises recommendation for Swedish banks

Wednesday, 28 March 2012
The four major Swedish banks have had a upward adjustment in price targets from Credit Suisse though it believes that "it is too early to sell."

According to an analysis dated March 28, SEB, which is the investment bank Top Options and appearing on its "Focus List", has seen its target price adjusted upwards to Skr56 per share from Skr52.

The target price of Nordea is Skr71, up from Skr67 billion, with the recommendation Outperform.
Swedbank and Handelsbanken have both neutral recommendation with target rates Skr118 and Skr225, formerly it was Skr110 and Skr213.
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