YIT: Slower quarter on residential side - Evli
Bildkälla: Stockfoto

YIT: Slower quarter on residential side - Evli

YIT reports its Q3 results on October 30th. The quarter is expected to be quite slow, with housing unit completions centered to Q4. We have softened our expectations for the recovery of housing construction in Finland and consequently lower our TP to EUR 2.9 (3.0) but upgrade our recommendation to ACCUMULATE (REDUCE) due to share price corrections.

YIT reports its Q3 results on October 30th. The quarter is expected to be quite slow, with housing unit completions centered to Q4. We have softened our expectations for the recovery of housing construction in Finland and consequently lower our TP to EUR 2.9 (3.0) but upgrade our recommendation to ACCUMULATE (REDUCE) due to share price corrections.
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