Wilh. Wilhelmsen Holding (Buy, TP: NOK263.00) - Set for recovery and growth
We believe the company is seeing improvements across the board, with enticing market backdrops set to drive the recovery and growth even further. Thus, we have raised our forecasts, and continue to see a steep 50% discount reflected in the current share price, which we believe is unwarranted on the back of the outlook and gradual shift to an increasing exposure to the New Energy segment. We reiterate our BUY and have lifted our target price to NOK263 (243).
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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