Strong Q2 with Subsea explaining the beat. Robust backlog coverage drives '23 guidance upgrade. Raising estimates - BUY, TP of NOK 54 (52).
13 Jul 2023
Subsea drives estimates and valuation
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Subsea drives estimates and valuation
- Published:
13 Jul 2023 -
Author:
ABGSC Oil & Oil Services Research | Haakon Amundsen -
Pages:
11 -
Strong Q2 with Subsea explaining the beat. Robust backlog coverage drives '23 guidance upgrade. Raising estimates - BUY, TP of NOK 54 (52).