Ålandsbanken is maintaining its positive outlook on shares of Finnish retail and wholesale chain Kesko, citing numerous reasons to do so.
"In our view, consensus estimates do not reflect any significant recovery in demand over the coming years, which provides potential for estimate upgrades in upcoming quarters and thus support for the share price. A robust balance sheet underpins an expected dividend yield of 5-6 percent. Should Kesko achieve its target of an operating margin above 6 percent, there is attractive long-term price potential in the stock from current levels," the bank stated.
