Veoneer Minor model adjustments
Ahead of Veoneer’s Q3 results (due on 23 October), we have raised our 2020–2022e sales by 1% to reflect stabilising LVP production. We do not consider these changes to be material, and we have not changed our BUY recommendation. We have, however, raised our target price to SEK160 (155) and still identify a significant re-rating opportunity for 2021e as key model launches ramp up to reignite the organic growth story.
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.