Enento grew in Q2 as we expected, but operating profitability exceeded our forecasts. There are no major changes in the operating environment compared to before, and regulatory risks appear to be under control. The guidance was refined, which provided more concreteness to the earnings growth outlook we expect for the current year. Given the good business trend, we believe the stock’s valuation remains attractive and the risk-reward ratio is favorable. We reiterate our target price of EUR 17.0 and our “Accumulate” (lisää) recommendation.
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OP reiterates BUY and a target price of 21.0. Titled “Growth picture brightening”.
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DNB Carnegie raises its target price to 20.60 (previously 18.90) and reiterates BUY.