• (PLX AI) – Kindred shares fell 3% at the open after Carnegie cut the stock to hold from buy.
  • • Kindred may see a negative earnings development for several quarters, with lower revenue growth after the company stopped offering services to Dutch citizens, analysts at Carnegie said
  • • The broker forecasts no Dutch revenue until May next year, and lower contributions after that
  • • Revenues in the Netherlands may not recover to current levels until Q4 2023, Carnegie said
  • • On the positive side, Kindred has a strong balance sheet and may be a potential M&A target: Carnegie
  • • Price target cut to SEK 155 from SEK 195; implies 11% upside

Quelle: PLX AI