FLSmidth Falls 2.3% After Carnegie Downgrade

• (PLX AI) - FLSmidth falls 2.3% in early trading after Carnegie downgraded the stock to hold from buy.
• • TK Mining acquisition is a good fit, but the price is high and the asset quality low, Carnegie said
• • Investors will remain cautious until there is more data on TK Mining's cash flow: Carnegie
• • Price target cut to DKK 255 from DKK 330
• • NOTE: FLSmidth is scheduled to report earnings next week