Saab: UBS still on hold after results
(CercleFinance.com) - The analyst confirms his neutral recommendation on the share with an unchanged target price of 260 SEK following the announcement of Q2 2024 results.
"Impressive order intake, albeit largely expected following large announcements in Dynamics and Surveillance. FCF, on the other hand, remained in negative territory" UBS says.
The outlook for FY 2024 in terms of organic sales growth, EBIT growth and positive operating cash flow has been reiterated.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
"Impressive order intake, albeit largely expected following large announcements in Dynamics and Surveillance. FCF, on the other hand, remained in negative territory" UBS says.
The outlook for FY 2024 in terms of organic sales growth, EBIT growth and positive operating cash flow has been reiterated.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.