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Home News Swedish Match gets share price raised on cigar JV news

Swedish Match gets share price raised on cigar JV news

Sunday, January 17 2010

TradingMarkets.com

Jan 18, 2010 (M2 EQUITYBITES via COMTEX) -- Four brokers have hiked their share price targets on Swedish Match AB (STO: SWMA) after the group announced last Friday a cigar joint venture with Denmark-based Scandinavian Tobacco Group A/S (STG).

Bank of America (BofA)/Merrill Lynch upgraded the target on Swedish Match to SEK170 from SEK165 and rated "underperform", while Morgan Stanley raised the target to SEK153 from SEK140, with an "equal weight" rating.

Swedish Match gets share price raised on cigar continues here...

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