Citi has upgraded its rating for Assa Abloy (ASAZY, Financial) from Sell to Neutral, setting a price target of SEK 280. This change reflects the company's potential appeal to investors due to its defensive qualities, especially in the midst of a volatile macroeconomic environment.
Analysts suggest that the potential for risk reduction could attract more interest in Assa Abloy (ASAZY, Financial), as the company's business framework appears resistant to broader economic uncertainties. This repositioning may influence its valuation positively, presenting an upside risk to its trading multiple.
