A. P. Møller Mærsk (Buy, TP: DKK13200.00) - Still buyers ahead of CMD
We would still be buyers ahead of the CMD as it could be a catalyst explaining the earnings potential into 2018 and illustrating our point that 2018 guidance is too conservative, as the upper end of range could be met without any container market improvement in our view. We reiterate BUY with a DKK13,200 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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