PVS [MARKET PERFORM +8.4%] - Waiting for new contract wins in H2 2021 - Update
  • 25 May 2021
  • Company Research
We maintain our MARKET PERFORM rating while increasing our target price by ~3% as we reduce our cost of equity assumption by 50 bps and roll over our target price to mid-2022. Meanwhile, we keep our 2021-2025F earnings forecasts nearly unchanged. We expec