JPMorgan reinstated coverage of Securitas (SCTBF) with a Neutral rating and SEK 150 price target The firm says some late-cycle growth beneficiaries in the European business services group will see growth moderate into 2025. At the same time, it is not yet prepared to take a more constructive view on the early-cycle names, as it is seeing some stabilization in parts of the staffing market in the U.S., but is mindful of further deceleration in Europe.
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Read More on SCTBF:
- Securitas price target raised to SEK 96 from SEK 93 at Morgan Stanley
- Securitas price target raised to SEK 140 from SEK 120 at Citi
- Securitas price target raised to SEK 105 from SEK 90 at RBC Capital
- Securitas price target raised to SEK 93 from SEK 83 at Morgan Stanley
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