UBS raises SKF price target to 150 SEK from 135 SEK

STOCKHOLM, April 16 (BestGrowthStock) – UBS raised its price target
for SKF (SKFb.ST: ) to 150 Swedish crowns from 135 crowns on
Friday and reiterated its buy rating for the world’s biggest
bearings maker.

SKF surprised investors on Thursday with an early
announcement of first-quarter results, reporting a pretax profit
of 1.5 billion crowns ($210.5 million).

That topped the 1.2 billion average forecast in a Reuters
poll of analysts and the 531 million made in the same period of
2009.

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UBS raises SKF price target to 150 SEK from 135 SEK