** SB1 downgrades Norwegian recycling group Tomra OSL:TOM to "sell" from "neutral", citing "risky" investments and mounting debt
** TOM shares fall 4.6% in afternoon trade; down 10% YTD
** Brokerage lowers TOM's EPS estimate for 2026 by 4%
** Says Tomra's net interest-bearing debt has grown to almost 600 million euros ($703.92 million), or 2.2x EBTIDA, while revenue growth has stagnated
** Says co's investment in plastic sorting facility at Omra, Norway, has proven unprofitable without gate fees
** Adds TOM's German plastic facility seems even more speculative than Omra because of exposure to the volatility of plastic prices
** Consensus remains overly optimistic for 2026-2027 - SB1
($1 = 0.8524 euros)