Saab Shares Jump After Morgan Stanley Upgrade and Large New Orders
Shares of SAAB AB series B climbed 5.1% after Morgan Stanley raised its rating from Underweight to Overweight and lifted the 12-month price target to SEK 700 from SEK 540. The move reflects the bank's view that Saab's earnings path is substantially stronger than peers expect, supported by a swelling order backlog including major submarine and Gripe…