Hemnet Shares Rise as Citi Flags Strong Early Demand for 'Sell First Pay Later'
Hemnet Group AB shares climbed following Citi Research’s observation that the property portal’s 'Sell First Pay Later' (SFPL) feature saw a robust launch in February, particularly in Stockholm. Citi lowered its 12-month target price to SKr123 from SKr180 while keeping a neutral rating and revising its valuation approach; the brokerage also adjusted…