NetEnt (Buy, TP: SEK62.00) - Awaiting effects of ‘better gaming’
We expect Q2 revenue growth still below the company’s potential, but we are above a cautious consensus. We expect gradual growth improvements during the year due to promising new games and ongoing growth initiatives. The shares have been under pressure lately, and we keep our BUY and SEK62 target price ahead of the Q2 results (due 13 July at 07:30 CET).
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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