Railcare: Solid Start to 2021
Redeye maintain its positive view on Railcare following the Q1 report. Market conditions are favorable, for the current year as well as longer-term. Machine sales have been impeded by travel restrictions lately, but we expect sales activity to gradually pick-up going forward. Our forecasts are virtually unchanged and we reiterate our Base case fair value of SEK 33 per share.
This implies a significant potential from current share price level.