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Sandvik AB (ADR) (SDVKY) [hlAlert]

Rating:
Neutral SDVKY

Sandvik AB (ADR) (SDVKY) rated Neutral by JP Morgan

Posted on: Monday,  Aug 10, 2015  4:25 PM ET by JP Morgan

Sandvik AB (ADR)
(OTCBB: SDVKY) rated Neutral by JP Morgan.

Sandvik AB is a Sweden-based engineering company. It operates in three business segments: Sandvik Tooling, Sandvik Mining and Construction, and Sandvik Materials Technology. Sandvik Tooling develops, manufactures and sells tools and tooling systems for metal cutting under such international brands as Sandvik, Sandvik Coromant, Walter, Safety, Dormer, Diamond Innovations, Wolfram, and others. Sandvik Mining and Construction specializes in equipment, tools and services for the mining and construction industries. It is active in three customer segments, including Underground Mining, Surface Mining and Construction. Sandvik Materials Technology develops products in stainless materials, special alloys, metallic and ceramic resistance materials and process systems, within five product areas, comprising Tube, Strip, Kanthal, Process Systems and MedTech. Sandvik is represented in approximately 130 countries worldwide.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/10/2015 4:25 PM Hold
None
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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