LONDON, October 21 (New Ratings) – Analysts at Dresdner Kleinwort Wasserstein reiterate their “hold” rating on Electrolux (ELX). The target price is set to SEK177.
In a research note published this morning, the analysts mention that Electrolux’s Q3 results do not exhibit any year-on-year improvement although there has been an improvement in shipment orders. Dresdner Kleinwort Wasserstein expects Electrolux to generate profits in the near future. The company’s shares have been performing well in the recent past, the analysts add.
>From New Ratings