Almirall: We expect uninspiring 9M17 results
Almirall: We expect uninspiring 9M17 results
- We expect to see a weak 3Q17
- And uninspiring 9M17 results
- A poor market performer
- Target price recently lowered, a weak Hold
We believe that the 9M17 results will disappoint. We recently lowered our target price to €10.60. Our Hold recommendation is weak and we recommend to stay in the sidelines.
Almirall is engaged in the acquisition, manufacture, storage, sale and mediation in the sale of pharmaceutical specialties and products and all manner of raw materials used to prepare pharmaceutical specialties and products. Also, Co. acquires, manufactures, storages, sales and mediates in the sale of cosmetics, chemical, biotechnological and diagnostic products for human, veterinary, agrochemical and food-industry use, as well as all manner of utensils, complements and accessories for the chemical, pharmaceutical and clinical industries. In addition, Co. is engaged in the acquisition, sale, lease, subdivision and development of land lots, land and properties of all kinds.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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