Electrolux AB (NASDAQ:ELUXY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $77.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.40% from the company’s previous close.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

Separately, Goldman Sachs Group, Inc. (The) lowered Electrolux AB from a “buy” rating to a “neutral” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $77.00.

Electrolux AB (NASDAQ:ELUXY) traded up 0.939% on Wednesday, hitting $69.118. The stock had a trading volume of 2,098 shares. The company has a 50-day moving average price of $70.06 and a 200 day moving average price of $65.46. Electrolux AB has a 52-week low of $44.24 and a 52-week high of $72.89. The firm has a market cap of $9.93 billion and a PE ratio of 16.089.

TRADEMARK VIOLATION NOTICE: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/11/electrolux-ab-eluxy-upgraded-to-buy-by-zacks-investment-research.html.

About Electrolux AB

AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company’s segments include Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products.

Get a free copy of the Zacks research report on Electrolux AB (ELUXY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Electrolux AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrolux AB and related companies with MarketBeat.com's FREE daily email newsletter.