Adevinta (Sell, TP: NOK75.00) - Tough comparables for Q4
We expect soft Q4 results on the back of a subdued performance in Adevinta’s Global Markets portfolio, and tough vertical comparables in France and Spain, only partly offset by still-strong growth in Brazil. The Q4 results are due at 07:00 CET on 12 February. We reiterate our SELL and NOK75 target price as we continue to find the valuation rich.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.