
19 Jan 2024
Too-low return profile, down to SELL
Dividend at risk to protect Baa2 rating and sector-low return profile. P/CEPS up to ~24x, rating cut to SELL (Hold) after winter rally.

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Too-low return profile, down to SELL
- Published:
19 Jan 2024 -
Author:
ABGSC Construct. & Real Estate Research | Markus Henriksson | Fredrik Stensved | Viktor Stenlöf -
Pages:
9 -
Dividend at risk to protect Baa2 rating and sector-low return profile. P/CEPS up to ~24x, rating cut to SELL (Hold) after winter rally.