Veoneer (Buy, TP: SEK270.00) - Launch-driven organic growth
With solid cost control allowing for improved FCF generation, we believe the Q3 report was a step in the right direction. As we expect Q4 to be the last hurdle in negative organic growth, we reiterate our BUY and SEK270 target price as we believe evidence will soon materialise that sales growth is at a turning point, and we still see significant upside potential.
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.