Husqvarna Drops 3.5% as DNB Cuts to Sell on Margin Pressure

• (PLX AI) - Husqvarna shares fell 3.5% in morning trading after DNB cut their recommendation on the stock to sell from hold.
• • Price target cut to SEK 105 from SEK 130
• • Husqvarna is likely to be affected by higher raw materials costs, as well as inflation in transportation, electricity and wages, DNB said
• • Price increases from Husqvarna are unlikely to completely mitigate the near-term margin pressure: DNB
• • In addition, end-user demand may be affected by cost inflation in general, the analysts said