Citi analyst Shrey Srivastava downgraded Swedbank (SWDBY) to Neutral from Buy with a price target of SEK 243, down from SEK 295. The bank’s net interest income will remain under pressure near-term from the unwind of “timing differences,” the analyst tells investors in a research note. Citi also opened a “negative 90-day Catalyst Watch” on the shares, expecting a Q1 NII miss.

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Swedbank price target raised to SEK 295 from SEK 266 at Citi Swedbank price target raised to SEK 263 from SEK 241 at Morgan Stanley Swedbank downgraded to Underperform from Neutral at BofA Swedbank price target raised to SEK 241 from SEK 234 at Morgan Stanley Swedbank downgraded to Underweight from Equal Weight at Barclays

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