Kindred Group (Buy, TP: SEK88.00) - Re-gaining confidence
We reiterate our BUY with a new SEK88 (78) target price reflecting our higher forecast based on e.g. the bullish Q3 trading statement, US growth momentum, and further expansion (Indiana launch in the coming days). In addition to enjoying accelerating near-term revenue growth momentum, we believe Kindred is back on the right track in its efficiency and scale benefits, necessary in times of re-regulation (rising tax).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.