Stifel Nicolaus analyst Johannes Braun maintained a Buy rating on Kuehne + Nagel International AG (KNIN – Research Report) today and set a price target of CHF290.00.
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Johannes Braun has given his Buy rating due to a combination of factors that highlight the company’s strong performance and potential for growth. Kuehne + Nagel International AG reported a notable 5% EBIT beat for Q1-25, achieving CHF402 million, which marks a 7% year-over-year improvement. This positive outcome was largely driven by impressive yields in the Sea segment, which exceeded expectations and contributed significantly to the overall performance.
Moreover, the company’s free cash flow (FCF) showed substantial improvement, rising to CHF173 million from a negative CHF84 million the previous year, although it did not meet the overly optimistic consensus. Despite some challenges, such as the miss in the Road and Contract Logistics segments, the reaffirmation of the FY-25 EBIT guidance between CHF1.5-1.75 billion, albeit with a cautious tone, underscores the company’s resilience and potential. These factors, coupled with a strong dividend yield and a favorable net debt/EBITDA ratio, support Braun’s optimistic outlook on the stock.