Airthings (Buy, TP: NOK21.00) - BUY into the Q2 report
We have made limited estimate revisions ahead of Airthings’ Q2 report and continue to expect a rebound in its B2C segment coupled with continued accelerating traction in B2B to drive a significant share price re-rating. As such, we reiterate our BUY and NOK21 target price, and, in spite of the recent share price decline, have continued confidence in our recommendation, given the company’s strong position and secular growth opportunity.
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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