Europe has been one of the brightest spots in the global stock market this year, with the benchmark Stoxx 600 up around 7% since the beginning of 2023 — a shade better than the S & P 500 's 5% return over the same period. And Wall Street is calling Europe a better bet than the U.S. right now . "We are tactically overweight Europe versus the U.S.
The bank said prices for SKF's products, which include rolling bearings and industrial seals, continue to lag "persistent" cost headwinds, and its planned portfolio transformation is likely to take years — not quarters. Barclays' price target of 140 Swedish krona on the stock suggests the stock has potential downside of almost 25% to its Jan. 30 closing price. 'High conviction' sells UBS has also identified a host of "high conviction" sell stocks.