Skanska : Skanska falls on slowing US construction market and dropped buy recommendation

Skanska falls sharply on the stock market after Nordea dropped its buy recommendation. The big bank points to a clear slowdown in the US construction market, which is reflected in Skanska's order value of SEK 9 billion for the first quarter, which is well below the 2024 quarterly average of SEK 24 billion. This is according to Dagens industri, which has taken part of the analysis. This is the third consecutive quarter of falling order values, and Nordea believes that analysts' expectations are too optimistic. Although Skanska's commercial and residential development business areas have potential, it is not enough for a buy recommendation. Skanska falls 5.1 percent to SEK 229.30.