Airthings (Buy, TP: NOK21.00) - Expecting a solid Q3
We have slightly raised our top-line estimates for Airthings prior to its Q3 report (due at 07:00 CET on 28 October), and expect continued solid traction in its B2C and B2B segments to attract the market’s interest. We see last week’s win in Quebec as a clear indication of the opportunities and catalysts in Airthings’ B2B segment, which are likely to drive a re-rating of its share price, in our view. We reiterate our BUY and NOK21 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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