In a report released today, Johannes Braun from Stifel Nicolaus maintained a Buy rating on DSV A/S (0JN9 – Research Report), with a price target of DKK1,600.00.
Johannes Braun’s rating is based on a combination of factors that highlight the potential growth and profitability of DSV A/S. The company is expected to see a moderate increase in its Q4 EBIT, driven by volume growth in both Air and Sea Freight, despite some cost inflation and integration costs related to the DB Schenker acquisition. Braun anticipates that the acquisition of DB Schenker will bring significant synergies, with projected cost efficiencies and productivity improvements that could enhance the EBIT margin over the next few years.
Moreover, the update surrounding the DB Schenker acquisition process and the FY-25 outlook are focal points for investors, with the acquisition expected to close by the second quarter. Although there are some risks associated with global trade volumes and potential geopolitical tensions, the anticipated synergies and improved margins provide a positive outlook for DSV A/S. This combination of growth potential and strategic acquisitions underpins Braun’s Buy rating for the stock.
In another report released on January 31, Kepler Capital also maintained a Buy rating on the stock with a DKK2,000.00 price target.