reports
- Niklas Wetterling
Logistea (Buy, TP: SEK18.00) - Achieving financial synergies
We maintain our positive view ahead of the Q4 results following strong refinancing activities at the end of the quarter. These should be reflected in Logistea’s ‘earnings capacity’, where we forecast ∼10% growth QOQ – a potential near-term catalyst in our view. Due to rising market interest rates, we have lowered our target price to SEK18 (20), but reiterate our BUY.
- Niklas Wetterling
Logistea (Buy, TP: SEK20.00) - Nearly a full first quarter together
The Q3 results were solid and we have only made minor estimate changes and reiterate our BUY and SEK20 target price. In our M&A scenario, we forecast an attractive 2023–2027e PFPM/share CAGR of 21% and consider the valuation attractive versus peers in the Swedish light-industry property segment.
- Niklas Wetterling
Logistea (Buy, TP: SEK20.00) - Just getting started
Following the merger of Logistea and KMC Properties, and a change of analyst, we have shifted our coverage to Logistea and reinstated a recommendation with a BUY and SEK20 target price. In our M&A scenario, we forecast an attractive 2023–2027e PFPM/share CAGR of 22% and we consider the valuation attractive versus peers in the Swedish light industry property segment.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.