Nolato - Initiation of coverage - Finding Nolato
Nolato is a polymer-focused manufacturing and development partner to its customers in a range of markets, with a history of reporting long-term profitable growth. Following a recent decline related to vaporising heating products (VHP) headwinds, we expect it to start recovering lost ground in H2 2023 on solid market fundamentals and its strong competence in development and manufacturing. We initiate coverage with a HOLD and SEK60 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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