Surgical Science (Buy, TP: SEK225.00) - The worst has likely passed
We forecast Q2 total sales down 1% YOY but up 14% QOQ, an adj. EBIT margin of 23%, and adj. EBIT of SEK49m (up 300bp QOQ). We reiterate our BUY, but have cut our target price to SEK225 (230).
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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