Sandvik AB’s “Outperform” Rating Reaffirmed at Sanford C. Bernstein (SAND)

Sandvik AB (STO: SAND)‘s stock had its “outperform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, ARN reports. They currently have a SEK 118 target price on the stock.

Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Sandvik AB in a research note to investors on Monday, May 20th. They now have a SEK 115 price target on the stock. Separately, analysts at Evli Bank reiterated a “reduce” rating on shares of Sandvik AB in a research note to investors on Friday, May 17th. They now have a SEK 95 price target on the stock. Finally, analysts at AlphaValue reiterated an “add” rating on shares of Sandvik AB in a research note to investors on Thursday, May 16th. They now have a SEK 112 price target on the stock.

Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of SEK 104.10.

Sandvik AB is a Sweden-based engineering company. It operates in five business areas: Sandvik Construction, Sandvik Machining Solutions, Sandvik Materials Technology, Sandvik Mining and Sandvik Venture.

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