Why did Wallenstam move?
Written after the close on
Wallenstam fell sharply as analysts trimmed targets. Wallenstam AB (publ) fell clearly over the last five trading days, a bigger drop than the slight decline in the OMX Stockholm 30, with the weakness concentrated in the latest session. The likely driver was a pair of broker price-target cuts — the level a bank thinks the share is worth — from Handelsbanken and SEB, both lowering their targets while keeping a neutral "hold" stance, which landed during the period. That overshadowed solid operating news, including 199 apartments completed and let at the Årstaberg project in Stockholm and the completed exit from all wind farms under the Locus Energy deal. With the next earnings report due next week, the market will focus on rental income, project completions and how property values are holding up.
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