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Synthetic MR: Hopes for a better 2021 - SEB

Whilst SyntheticMR continued to feel the strain of COVID-19 in Q3, causing delays in customer projects and lower sales to GE Healthcare, we see good reasons for improved performance in next year and for the company to get back on the growth path. Based on our updated estimates, we derive a DCF fair value range of SEK 264-348 (previously SEK 290-382) per share.

Whilst SyntheticMR continued to feel the strain of COVID-19 in Q3, causing delays in customer projects and lower sales to GE Healthcare, we see good reasons for improved performance in next year and for the company to get back on the growth path. Based on our updated estimates, we derive a DCF fair value range of SEK 264-348 (previously SEK 290-382) per share.
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