Epiroc AB Establishes Sponsored American Depositary Receipts

Epiroc AB, a Swedish company specializing in equipment and services for mining, infrastructure, and civil works, has established sponsored American Depositary Receipts (ADRs) in the United States. This move allows investors to buy and sell Epiroc’s shares more easily.

Impact on Investors

The establishment of ADRs is expected to reduce costs for investors. This development aims to increase accessibility and investment opportunities for Epiroc’s shares.

Barclays Adjusts Price Target

Barclays has lowered its price target for Epiroc to 225 kronor. The bank has reaffirmed its overweight rating for the company.

Stock Price Suspension

Epiroc’s stock price has been suspended on certain exchanges. No specific details were provided regarding the suspension.

Market Performance

Epiroc’s efforts to increase accessibility and investment opportunities are likely to have a positive impact on the company’s market performance.