Assa Abloy's Direct Impact From Middle East Conflict is Minor -- Market Talk

Like
Comment
Favorite

Assa Abloy's Direct Impact From Middle East Conflict is Minor -- Market Talk

Dow Jones03-20 20:03

1203 GMT - Assa Abloy derives around 1% of group sales from the Middle East, so its direct impact from the conflict is minor, Citi analyst Vivek Midha writes. Shares have underperformed the STOXX Europe 600 Industrial Goods & Services index by 6% since the start of the Iran conflict, despite Assa's defensive qualities, Midha says. The first quarter is likely to be soft given adverse weather, but more importantly, higher bond yields could slow the residential construction recovery. Despite this, Assa Abloy's relative de-rating offers a good entry point in the bank's view for a name with midterm volume recovery potential and defensive qualities. The bank lowers its target price to 425 kronor from 440 kronor and keeps its buy rating. Shares rise 1.5% to 326.70 kronor. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 08:03 ET (12:03 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2620332447?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-20 20:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2620332447","market":"sh","top_or_hot":-1,"title":"Assa Abloy's Direct Impact From Middle East Conflict is Minor -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1203 GMT - Assa Abloy derives around 1% of group sales from the Middle East, so its direct impact from the conflict is minor, Citi analyst Vivek Midha writes. Shares have underperformed the STOXX Europe 600 Industrial Goods &amp; Services index by 6% since the start of the Iran conflict, despite Assa's defensive qualities, Midha says. The first quarter is likely to be soft given adverse weather, but more importantly, higher bond yields could slow the residential construction recovery. Despite this, Assa Abloy's relative de-rating offers a good entry point in the bank's view for a name with midterm volume recovery potential and defensive qualities. The bank lowers its target price to 425 kronor from 440 kronor and keeps its buy rating. Shares rise 1.5% to 326.70 kronor. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2026 08:03 ET (12:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Assa Abloy's Direct Impact From Middle East Conflict is Minor -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssa Abloy's Direct Impact From Middle East Conflict is Minor -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 20:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1203 GMT - Assa Abloy derives around 1% of group sales from the Middle East, so its direct impact from the conflict is minor, Citi analyst Vivek Midha writes. Shares have underperformed the STOXX Europe 600 Industrial Goods &amp; Services index by 6% since the start of the Iran conflict, despite Assa's defensive qualities, Midha says. The first quarter is likely to be soft given adverse weather, but more importantly, higher bond yields could slow the residential construction recovery. Despite this, Assa Abloy's relative de-rating offers a good entry point in the bank's view for a name with midterm volume recovery potential and defensive qualities. The bank lowers its target price to 425 kronor from 440 kronor and keeps its buy rating. Shares rise 1.5% to 326.70 kronor. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2026 08:03 ET (12:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620332447","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620332447","pubTimestamp":1774008180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1203 GMT - Assa Abloy derives around 1% of group sales from the Middle East, so its direct impact from the conflict is minor, Citi analyst Vivek Midha writes. Shares have underperformed the STOXX Europe 600 Industrial Goods & Services index by 6% since the start of the Iran conflict, despite Assa's defensive qualities, Midha says. The first quarter is likely to be soft given adverse weather, but more importantly, higher bond yields could slow the residential construction recovery. Despite this, Assa Abloy's relative de-rating offers a good entry point in the bank's view for a name with midterm volume recovery potential and defensive qualities. The bank lowers its target price to 425 kronor from 440 kronor and keeps its buy rating. Shares rise 1.5% to 326.70 kronor. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"亚萨合莱受中东冲突的直接影响很小——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"1203 GMT - Assa Abloy derives around 1% of group sales from the Middle East, so its direct impact from the conflict is minor, Citi analyst Vivek Midha writes. Shares have underperformed the STOXX Europe 600 Industrial Goods & Services index by 6% since the start of the Iran conflict, despite Assa's defensive qualities, Midha says. The first quarter is likely to be soft given adverse weather, but more importantly, higher bond yields could slow the residential construction recovery. Despite this, Assa Abloy's relative de-rating offers a good entry point in the bank's view for a name with midterm volume recovery potential and defensive qualities. The bank lowers its target price to 425 kronor from 440 kronor and keeps its buy rating. Shares rise 1.5% to 326.70 kronor. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2026 08:03 ET (12:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}