XM does not provide services to residents of the United States of America.

Handelsbanken views Castellum as financially prepared to weather headwinds, ups to 'buy'

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-Handelsbanken views Castellum as financially prepared to weather headwinds, ups to 'buy'</title></head><body>

** Handelsbanken raises short-term recommendation on Castellum CAST.ST to "buy" from "hold," seeing the Swedish property company aswell prepared to face headwinds and invest in existing assets

** Although brokers' base case for the share remains unchanged, in its viewCastellum's almost 20% underperformance year-to-date makes the stock attractive for investors wanting a broader exposure to Nordic real estate

** It says that a firmer financial position of Entra ENTRA.OL, in which Castellum holds a 1/3 ownership, rights issue carried out in 2023, and disposals, result in the Swedish landlord being financially prepared to weather high rates, invest and engage in growth-accretive project developments

** Handelsbanken is of opinion that Castellum was"punished too harshly" for soft Q1, and believes the company will continue taking necessary steps to regain investors trust

** The brokerage keeps its long-term three years recommendation on Castellum at "Market Perform"

** The stock rise 3% at 1020 GTM, making it one of best performers on STOXX 600 .STOXX index

Reporting by Agnieszka Oleńska


Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.