Logistea (Buy, TP: SEK20.00) - Nearly a full first quarter together
The Q3 results were solid and we have only made minor estimate changes and reiterate our BUY and SEK20 target price. In our M&A scenario, we forecast an attractive 2023–2027e PFPM/share CAGR of 21% and consider the valuation attractive versus peers in the Swedish light-industry property segment.
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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