Why is Hemnet stock rallying today?
Hemnet stock rose 4.0% to kr77.45 after JPMorgan and Morgan Stanley upgraded their ratings to overweight, setting price targets of kr126.00 and kr102.00, respectively. The company has been conducting share buybacks, and the stock had declined 22% in the prior month and 70% over the past year. The broader market was slightly negative, with the OMXS30 index showing no significant movement.
