Lifco AB Stock Price Declines Following Downgrade

Lifco AB, a multinational company based in Sweden, has experienced a decline in its stock price in recent days. The company’s stock price had previously increased by 20% earlier in the year.

Downgrade by Handelsbanken

Handelsbanken has downgraded Lifco AB’s stock to a “hold” recommendation from a “buy” recommendation. The bank cited that the stock is now fully valued and its potential is limited. Handelsbanken has set a target price of 424 kronor for the company’s stock.

Broader Trend on Stockholm Stock Exchange

The decline in Lifco AB’s stock price is part of a broader trend on the Stockholm stock exchange, which has seen a slight decrease in recent days.