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Investing.com - Berenberg initiated coverage on ISS A/S (CSE:ISS) (OTC:ISFFF) with a Buy rating and a price target of DKK234.00 on Thursday.
The global facilities management company, which handles outsourced services like cleaning, catering, and technical maintenance, was highlighted for its defensive characteristics and lack of direct tariff exposure.
Berenberg noted that ISS is well positioned in the current challenging macroeconomic environment, as outsourced facilities management tends to be countercyclical, potentially benefiting when companies look to cut costs.
The research firm forecasts ISS will achieve approximately 5% average organic growth between 2025-2027, accompanied by modest margin expansion and an organic EBIT CAGR of around 7% during this period.
Berenberg also expects ISS to increase its 2025 share buyback program and continue buybacks through 2026-2027, projecting this will contribute to an earnings per share CAGR of approximately 15% over the same timeframe.
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