Barclays Raises Castellum Rating to Equal Weight, Cites Buyback Plan as Near-Term Support
Barclays upgraded Castellum AB to Equal Weight from Underweight and increased its price target to SEK130 from SEK105, citing management's execution on roughly SEK18 billion of asset sales and a commitment to return most proceeds to shareholders via buybacks while using the remainder to cut debt. The bank warned the transactions will reduce recurrin…