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Catella - Soft Q1, cheap stock, but re-pricing could wait to 2024

2023-05-09 07:55:00

Redeye thinks the Q1 report was soft and that the outlook remains uncertain. While Catella is trading at a substantial discount to Redeye's intrinsic value, the stock lacks short-term catalysts. Looking into 2024, Redeye expects a rebound in group profitability and harvesting of Principal Investments will fuel the share price. Redeye lowers its estimates and fair value range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/