Jefferies Reaffirms Buy on DO & CO: Diversified Footprint and Flexible Model Mitigate Geopolitical Airspace Risks

In a report released today, Henrik Paganetty from Jefferies maintained a Buy rating on DO & CO Aktiengesellschaft, with a price target of €270.00.

Henrik Paganetty has given his Buy rating due to a combination of factors related to DO & CO’s exposure to current geopolitical developments and its underlying business resilience. While the airspace closures following recent events in the Middle East have caused flight suspensions in the region, DO & CO is still able to support its key airline customers from alternative catering locations, which limits the operational disruption.

Paganetty also factors in that any weekly revenue impact, although potentially reaching several million in lost sales if the situation endures, is manageable relative to the company’s broader regional and global revenue base. The volatile environment and uncertainty around major upcoming events, such as the Formula 1 races in Bahrain, are acknowledged, but Jefferies’ view is that DO & CO’s diversified footprint and flexible operating model support a favorable risk‑reward profile that justifies a Buy rating.