HSBC raised its price target on DP World, and said the Dubai-based port operator has attractive container terminal assets and a "fairly healthy" profit growth forecast for the next few years.
The brokerage raised its price target on the stock to $13.93 from $11.20, but maintained a "neutral" rating citing valuation.
"DPW offers broad-based exposure to global container terminals, emerging markets generally and fairly healthy forecast profit growth in the next few years," the brokerage said.
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