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Article: Nordea retains "strong buy", cuts target on DSV.

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Nordic Business Report
Article date:
August 4, 2009
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NORDIC BUSINESS REPORT-4 August 2009-Nordea retains "strong buy", cuts target on DSV(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

4 August 2009 - Nordea analyst Finn Bjarke Petersen retained his "strong buy" advice on Danish DSV A/S (CPH: DSV) but cut the share price target to DKK85 from DKK90 after the transport and logistics services group saw its half-year profit melt and slashed its guidance for 2009.

DSV said last Friday its first-half net profit slumped to DKK47m from a year-ago DKK969m.

The group reduced its full-year revenue forecast to DKK38bn from DKK40bn and the EBITA estimates to DKK1.75bn from DKK2bn, citing the impact of the ...

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