Street Calls of the Week
Investing.com - JPMorgan has reduced its price target on DSV A/S (DSV:DC) to DKK1,925.00 from DKK1,945.00 while maintaining an Overweight rating on the stock.
The firm has lowered its third-quarter 2025 EBIT expectations by 8% to DKK5.41 billion, slightly below the Bloomberg consensus estimate of DKK5.45 billion, citing a weakened backdrop in Air and Sea segments and uncertain volume projections for the remainder of the year.
JPMorgan does not anticipate any change to DSV’s 2025 EBIT guidance range of DKK19.5-21.5 billion, though it expects a slightly higher contribution from realized synergies in 2025 than originally guided by the company.
The price target adjustment comes as DSV continues to integrate its Schenker acquisition, with the third quarter of 2025 representing only the second quarter including the acquired business in its financial results.
Despite expressing concerns about current freight sector conditions, including potential impacts from U.S. trade policy that have yet to materialize, JPMorgan believes the current valuation underappreciates DSV’s unique earnings growth opportunity as synergy contributions gain momentum toward the end of this year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.