SKF slips after Deutsche Bank cut on lower volume trends
** Shares in SKF SKFb.ST slip around 3% to their lowest since January after Deutsche Bank cut the Swedish industrial bearings maker to "sell" from "hold", citing flat to declining underlying volume trends
** The broker expects less favorable price inflation and cost development impact through coming quarters
** It also notes SKF's exposure to the declining Purchasing Managers' Index
** It adds that the shift in production is unlikely to have a positive impact on the company's 2024 margins given volumes
** Out of 23 analysts covering SKF, 10 rate the stock "buy" or "strong buy", eight rate it"hold" and five rate it"strong sell" or "sell"
Reporting by Anna Chaberska
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