Wilh. Wilhelmsen Holding (Buy, TP: NOK273.00) - Upside lowered due to WWL
We reiterate our BUY recommendation, while we have cut our target price to NOK273 (323) due to our new target price for WWL of NOK46 (65). In Q2, we expect WWI to walk away from Drew, and the 29 May general meeting of Hyundai Glovis could open the way for a sale of shares and a one-off dividend by Treasure ASA.
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.