Saab upgraded to Overweight from Underweight at Morgan Stanley
Morgan Stanley upgraded Saab (SAABF) to Overweight from Underweight with a price target of SEK 700, up from SEK 540. Consensus upside is clearer at Saab than at Kongsberg Gruppen (NSKFF), which the firm downgraded to Underweight, the analyst tells investors. Saab offers clearer upgrade risk from strong order momentum not yet reflected in consensus, while Kongsberg's new upgraded targets suggest limited earnings upside, the analyst argues.
Story updates
Morgan Stanley downgraded Kongsberg Gruppen (NSKFF) to Underweight from Equal Weight with a price target of NOK 330, up from NOK 310.
Consensus upside is clearer at Saab (SAABF), which the firm double upgraded to Overweight, than at Kongsberg, the analyst tells investors.
Saab offers clearer upgrade risk from strong order momentum not yet reflected in consensus, while Kongsberg's new upgraded targets suggest limited earnings upside, the analyst argues.