Follow The Ratings: Nordea Reports Upgrade of Husqvarna (OTCMKTS:HSQVY) from Sell to Hold Rating

November 28, 2016 - By Clifton Ray

Follow The Ratings:  Nordea Reports Upgrade of Husqvarna (OTCMKTS:HSQVY) from Sell to Hold Rating

Husqvarna (OTCMKTS:HSQVY) Upgrade

Nordea raised the shares of Husqvarna (OTCMKTS:HSQVY) from a Sell rating to Hold rating in a a report revealed to clients on Monday, 28 November.

It is down 7.93% since April 25, 2016 and is downtrending. It has underperformed by 13.95% the S&P500.

Analysts await Husqvarna (ADR) (OTCMKTS:HSQVY) to report earnings on February, 3.

Husqvarna AB is a Sweden-based company engaged in the development, manufacture and marketing of outdoor power products, consumer watering products, cutting equipment and diamond tools for construction and stone industries. The company has a market cap of $3.36 billion. The Company’s product offering includes robotic lawn mowers, garden tractors, chainsaws and trimmers. It currently has negative earnings. The Company’s activities are divided into three business areas: the Europe and Asia/Pacific business area sells forest, park and garden products to retailers and dealers in Europe and Asia/Pacific; the Americas business area sells forest, park and garden products to retailers and dealers on the American continents, and the Construction business area sells light construction products for cutting, drilling, polishing and demolition of hard materials.

More important recent Husqvarna (ADR) (OTCMKTS:HSQVY) news were published by: Seekingalpha.com which released: “Husqvarna Has A Great Product Lineup But Unattractive Stock” on July 01, 2015, also Seekingalpha.com published article titled: “11 Ways to Invest in Sweden”, Seekingalpha.com published: “Electrolux May Have A Place In Your Retirement Income Portfolio” on August 07, 2014. More interesting news about Husqvarna (ADR) (OTCMKTS:HSQVY) was released by: Streetinsider.com and their article: “SoftBank Offers to Acquire ARM Holdings plc (ARMH) in $32B Deal” with publication date: July 18, 2016.

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