Norwegian Air Shuttle (Buy, TP: NOK17.00) - Setting the stage for 2022e
Norwegian Air Shuttle reported a mixed Q2, with a strong cash position and low cash-burn outlook for H2 setting the stage for a strong 2022e summer season. We reiterate our BUY and NOK17 target price as our 2022–2023e EPS are largely unchanged.Norwegian Air Shuttle is a low cost passenger travel airline. Co. operates both scheduled services and additional charter services. Co. has aircraft bases in Norway, Sweden, Denmark, Finland, Spain and the U.K.
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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