One target price change from yesterday’s Kauppalehti flash news; analysts have a habit of fine-tuning those upwards before the interim report, though the positive news regarding the Finnish economy and the recovery of the retail sector likely play a part as well. In reality, only the turnaround of Dollarstore is essential in this case; naturally, if Tokmanni Finland continues to improve its pace, more will remain on the bottom line, assuming Dollarstore doesn’t perform even more anemically than before. The Q2 result is indeed next week Friday, August 7th.
Danske raises Tokmanni’s target price to 7.70 euros from 6.40 euros, reiterates hold rating.