Struggling Landlord SBB Wins Rare Analyst Upgrade 

SBB, the landlord at the center of Sweden’s property crisis, has been upgraded to hold because “the sell case seems played out,” equity analysts at DNB Bank ASA said in a note to clients.

The analysts also said that “the near-term risk/reward” has less appeal given the stock is now priced like an option. In the same note, Niklas Wetterling and Simen Mortensen cut the target price on Samhallsbyggnadsbolaget i Norden AB — as the company is formally known — to 3.1 Swedish kronor ($0.29) a share from 4 kronor citing “material refinancing risks.”