Citi analyst Arthur Truslove upgraded the rating on DSV A/S to a Buy yesterday, setting a price target of DKK1,812.00.
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Arthur Truslove has given his Buy rating due to a combination of factors linked to earnings momentum and the DB Schenker acquisition. He believes the market is not fully pricing in the upside from bringing Schenker’s gross profit per container in line with DSV’s existing operations, which he models at a meaningfully higher level than current consensus, translating into stronger 2027 operating profit.
He also expects the upcoming capital markets day to showcase higher medium‑term earnings guidance, updated synergy targets from the Schenker deal, and additional benefits from efficiency initiatives such as AI. With estimates now above consensus, a modestly valued forward P/E multiple versus DSV’s own history, and synergies not yet fully reflected in street forecasts, he sees around 15% upside, justifying the Buy recommendation despite volume‑related risks.
In another report released on March 30, Kepler Capital also maintained a Buy rating on the stock with a DKK2,100.00 price target.