Assa Abloy’s Stock Price Takes a Hit: Analysts Weigh In

Assa Abloy AB, the Swedish door opening products giant, is facing a perfect storm that’s sending its stock price plummeting. Analyst Bernstein has just dropped the hammer, lowering its target price for the company to a paltry 407 kronor, while still maintaining an “outperform” rating. But don’t be fooled – this move is a clear indication that even the most optimistic analysts are starting to lose faith in Assa Abloy’s ability to deliver.

And if that wasn’t enough, the company’s CEO for the EMEIA division, Neil Vann, has just sold a whopping 3.9 million kronor worth of shares at a laughable price of 323.70 kronor per share. This is a clear sign that even the top brass at Assa Abloy are losing confidence in the company’s prospects.

But what’s really driving the stock market’s negative tone? It’s not just Assa Abloy’s woes – it’s the global economic landscape that’s looking increasingly dire. Trade negotiations between the EU and the US are at a standstill, and the uncertainty is sending shockwaves through the markets.

Here are the key takeaways:

• Analyst Bernstein has lowered its target price for Assa Abloy to 407 kronor, while maintaining an “outperform” rating.
• Neil Vann, CEO of the EMEIA division, has sold 3.9 million kronor worth of shares at 323.70 kronor per share.
• The stock market is expected to open with a negative tone, influenced by global economic factors and trade negotiations between the EU and the US.

It’s time for Assa Abloy to take a long, hard look at its business model and figure out what’s going wrong. The writing is on the wall – and it’s not looking good.