Nolato (Buy, TP: SEK57.00) - GLP-1 a long-term positive factor
We reiterate our BUY and target price of SEK57 ahead of Nolato’s Q1 report, where we expect a continued improving EBITA margin QOQ from the cost-efficiency programme, along with minor volume gains. The new GLP-1 contract also adds confidence in continued long-term Medical Solutions growth and margin expansion.
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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