ID Logistics: Stifel downgrades stock

(CercleFinance.com) - Stifel has downgraded its recommendation on ID Logistics from 'buy' to 'hold', with a target price maintained at E350, after, as expected, excellent results for 2023, despite a slowdown in sales due to a difficult economic climate.


Unfortunately, all the good news seems to be well priced in, the broker believes, noting that after rising by over 40% over the last six months, the stock is now trading at over 25x 2025 earnings.

While Stifel still believes that, fundamentally, the stock should be able to double in value over the next five years, it sees more limited potential in the short term, and warns that when all the lights are green, there's a risk that one of them will turn orange.


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