Exane starts coverage on appliance makers SEB and De Longhi
** Exane BNP Paribas says the global small domestic appliances (SDA) market is normalising and expects emerging consumption trends, new products to support demand
** Brokerage initiates SEB SEBF.PA at "outperform" and De Longhi DLG.MI at "neutral" citing their expansion in the professional market as positive despite demanding short-term comparables
** It says SEB provides a favourable risk-reward profile after its shares dropped 17% YTD as of Wednesday's close
** As of 1055 GMT SEB up 2.1%, while De Longhi is down 0.3%
Reporting by Michela Stasio
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