BofA upgraded Kuehne & Nagel to Neutral from Underperform with a price target of CHF 170, up from CHF 147. Consensus earnings estimates have been cut “significantly” and the firm now views pessimism as “overstated” with air and ocean yields seen as near trough levels, the analyst tells investors.
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Read More on KHNGY:
- Kuehne & Nagel price target raised to CHF 140 from CHF 130 at JPMorgan
- Kuehne & Nagel upgraded to Equal Weight from Underweight at Morgan Stanley
- Kuehne & Nagel downgraded to Underweight from Equal Weight at Barclays
- Kuehne & Nagel price target raised to CHF 128 from CHF 127 at Citi
- Kuehne & Nagel price target lowered to CHF 159 from CHF 182 at Deutsche Bank