DSV A/S (0JN9) has received a new Buy rating, initiated by Goldman Sachs analyst, Patrick Creuset.
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Patrick Creuset has given his Buy rating due to a combination of factors including the integration of DB Schenker into DSV’s operations. This strategic move is expected to significantly boost DSV’s earnings per share, elevating it to approximately DKK 100.
The transaction has led to a positive reassessment of DSV’s financial outlook, prompting a reinstatement of the Buy rating with a 12-month discounted cash flow-based price target set at DKK 2,000. This optimistic projection reflects the anticipated financial benefits and synergies from the acquisition, underscoring the potential for substantial shareholder value creation.
According to TipRanks, Creuset is ranked #3513 out of 9371 analysts.
In another report released today, Barclays also maintained a Buy rating on the stock with a DKK1,650.00 price target.
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