Atlantic Sapphire (Buy, TP: NOK151.00) - First harvest in the US
On 28 September, Atlantic Sapphire announced the first fish had been harvested from US Bluehouse and guided for ramped up volumes in the weeks ahead. Moreover, it announced some important customers, indicating a wide range of speciality retailers and distributors. Going forward, we will look for stabilising production, consumer responses and realised prices. Early price indications suggest upside potential to our estimates. We reiterate our BUY and NOK151 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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