Millicom (Buy, TP: SEK265.00) - Several potential triggers ahead
Millicom issued a soft report on most parameters, triggering minor cuts to 2023e sales and EBITDA. We, however, see several possible positive triggers in the coming 2–3 quarters and reiterate our BUY, albeit with a lowered target price of SEK265 (280).
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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