Nordea Equity Research Downgrades Husqvarna AB (publ) (OTCMKTS:HSQVY) to Hold

Nordea Equity Research downgraded shares of Husqvarna AB (publ) (OTCMKTS:HSQVY) from a buy rating to a hold rating in a report published on Wednesday morning, The Fly reports.

Other analysts also recently issued research reports about the stock. Berenberg Bank reissued a hold rating on shares of Husqvarna AB (publ) in a report on Monday, September 14th. AlphaValue raised shares of Husqvarna AB (publ) to a reduce rating in a report on Friday, July 10th. Finally, Danske downgraded shares of Husqvarna AB (publ) from a buy rating to a hold rating in a report on Tuesday, October 13th.

Shares of HSQVY stock opened at $22.75 on Wednesday. Husqvarna AB has a 1 year low of $7.19 and a 1 year high of $23.77. The firm’s fifty day moving average price is $21.73 and its two-hundred day moving average price is $17.37.

About Husqvarna AB (publ)

Husqvarna AB (publ) produces and sells outdoor power and garden watering products worldwide. It operates through three divisions: Husqvarna, Gardena, and Construction. The Husqvarna division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders, garden tractors, zero-turn mowers, walk-behind mowers, and snow throwers; robotic lawn mowers; and accessories and spare parts.

Read More: Why are trading ranges significant?

The Fly

Receive News & Ratings for Husqvarna AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Husqvarna AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.