Boskalis posted a respectable set of results despite the difficult market conditions. The market is rewarding the company for its expectation of a strong recovery in Offshore Energy, the current main drag on the performance and what we consider to be a call option. Following this earnings release, we expect to increase our target price by some 5-10% and to keep our Buy recommendation.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 19: Offshore energy's strong recovery expected by management
- Published:
08 Nov 2019 -
Author:
Felix Brunotte -
Pages:
3
Boskalis posted a respectable set of results despite the difficult market conditions. The market is rewarding the company for its expectation of a strong recovery in Offshore Energy, the current main drag on the performance and what we consider to be a call option. Following this earnings release, we expect to increase our target price by some 5-10% and to keep our Buy recommendation.