Embattled Swedish Landlord SBB Falls After Goldman Slashes Price Target
The SBB logo on a plaque on the building housing the headquarters of Samhallsbyggnadsbolaget i Norden AB in Stockholm, Sweden.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
SBB, the landlord at the center of Sweden’s property crisis, fell as much as 10.2% in Stockholm after analysts at Goldman Sachs slashed their target price on the company.
Goldman downgraded its recommendation on Samhallsbyggnadsbolaget i Norden AB — as the Swedish company is officially known — to sell from neutral and lowered the target to 1.80 Swedish kronor ($0.16) per share, a level that’s 50% less than the next lowest target price, according to analysts tracked by Bloomberg.