Höegh LNG Partners (Hold, TP: USD19.10) - Uncertainty around growth
We have downgraded Höegh LNG Partners to HOLD (BUY) due to uncertainty around growth in distribution, and have lowered our target price to USD19.1 (23.1). We also expect the announced ATM programme and general rising interest rate environment to limit the potential upside. We are 2% above consensus on Q2e EBIT. The results are due at 13:00 CET on 23 August.
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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