Alk-Abello, DnB, Ericsson, Nokia, Volvo, Yara Intl: Nordic Equity Preview
The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.
The Stoxx Nordic 30 Index, a measure for the region, rose 153.22, or 2.3 percent, to 6,869.01 in Stockholm.
The OMX Stockholm 30 Index rose 2.7 percent, as Norway’s OBX Index gained 1.1 percent. The Helsinki 25 Index increased 1.2 percent and the OMX Copenhagen 20 Index climbed 1.6 percent.
Alk-Abello A/S (ALKB DC): The world’s largest allergy vaccine maker said it would buy Fornix BioSciences’s allergy division for 19.6 million euros ($26.2 million) on a debt and cash free basis. The shares gained 2 percent to 444.5 kroner.
DnB NOR ASA (DNBNOR NO): Norway’s largest bank was added to Citigroup Inc.’s “top picks list.” The shares rose 1.6 percent to 68.35 kroner.
Ericsson AB (ERICB SS): The world’s largest maker of wireless networks had its price estimate raised to 64 kronor from 57 kronor at Morgan Stanley. The shares jumped 10 percent to 88 kronor.
Nokia Oyj (NOK1V FH): The world’s largest mobile phone maker was downgraded to “market perform” from “outperform” at Bernstein. The shares slipped 2 percent to 9.49 euros.
Volvo AB (VOLVB SS): The world’s second-biggest truckmaker had its price estimate raised to 110 kronor from 95 kronor at JPMorgan Chase & Co. and to 97 kronor from 85 kronor at UBS AG. The shares jumped 10 percent to 90 kronor.
Yara International ASA (YAR NO): The world’s largest supplier of mineral fertilizers was downgraded to “hold” from “buy” at Deutsche Bank AG. The shares fell 3.3 percent to 223.6 kroner.
To contact the reporter on this story: Adam Ewing in Stockholm at firstname.lastname@example.org.