Airthings (Buy, TP: NOK20.00) - Expecting continued momentum
We have made only minor estimate revisions and are slightly above consensus ahead of the Q4 results. We expect the company to continue to demonstrate its unique momentum derived from increasing demand among consumers, the public sector and business for improved indoor air quality and building energy efficiency, and therefore reiterate our BUY and NOK20 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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