Samhallsbyggnadsbolaget i Norden Hit by Sharp Rise in Interest Rates, DNB Says in Downgrade to Sell

• (PLX AI) - SBB is likely to be affected by the sharp rise in market interest rates and widening credit spreads, analysts at DNB said, cutting their recommendation to sell from hold.
• • Price target cut to SEK 33 from SEK 43, implying 11% downside
• • SBB is one of the most interest-rate sensitive stocks, due to their low implied EBIT yield and top-tier common-share gearing, DNB said
• • Unrealized value gains are likely to slow rapidly this year and the next on rising interest rates: DNB