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BofA Sees Room for DSV to Lift FY26 EBIT Outlook Floor; Buy Rating Kept

MT Newswires·09/23/2026 02:50:26
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02:50 AM EDT, 09/23/2026 (MT Newswires) -- BofA Global Research anticipates DSV (DSV.CO) will raise the lower end of its full-year 2026 EBIT target, as air demand remained "resilient" amid ongoing "weakness" in sea volumes. After a call with DSV's Chief Financial Officer Michael Ebbe, analysts said Monday they see scope for the upgrade amid "steady" air and sea yields with additional cost savings, continued contract logistics momentum, and on-track legal integration. As such, the research firm's 2026 EBIT forecast remains "largely unchanged" at 24.3 billion Danish kroner even with the loss of road customers and the persistent weakness in sea volumes. In a preview note ahead of the transport and logistics company's third-quarter results, the research firm trimmed its third-quarter group EBIT estimate to 6.48 billion kroner and lowered its 2026 to 2027 EPS forecasts while raising its 2028 EPS outlook. BofA maintained its buy rating and price objective of 2,100 kroner on the Copenhagen-listed stock. Meanwhile, the price objective on the American depositary receipt was lowered to $161 from $163 due to currency movements.