ID Logistics: Stifel upgrades stock
(CercleFinance.com) - Stifel has upgraded ID Logistics shares from 'hold' to 'buy', while raising its target price for them from E420 to E475, in line with its earnings forecasts for 2025 and 2026, following the publication of the contract logistics group's 2024 sales figures.
The broker points to growth well ahead of expectations, with an increase of 19.2% in Q4, which is the result of continued exceptional growth in the US, but also of a strong rebound in France linked to significant gains in market share.
While it believes that this growth in business will have had a negative impact on margins in 2024, with earnings growth expected to be relatively modest, Stifel believes that 2025 should be an exceptional year in terms of results.
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