Report
Richard Radbourne

Valuation Full - Reiterate Neutral

Q218 delivered meaningful EPS upside and GWW is executing well, while raised FY18 guidance may still prove too conservative. However, we view the current valuation as discounting the latter and at risk as the US pricing reset / restructuring actions are completed.
Underlying
Provider
Atlantic Equities
Atlantic Equities

Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.

Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.

Analysts
Richard Radbourne

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