JPM cuts DSV, warns of growing earnings pressure
09/10/2026 09:06
BUZZ-JPM cuts DSV, warns of growing earnings pressure ** J.P. Morgan downgrades DSV DSV.CO to "neutral" from "overweight", cuts PT and profit forecasts, warning that earnings pressure at the Danish logistics group will be deeper than expected
** Operational issues flagged by DSV in Q2 are likely to take longer to address, while customer and volume losses are weighing on the business, the broker says
** JPM says that despite a 29% drop in DSV shares this year, there is scope for further near-term pressure on the stock
** It cuts PT by 35% to 1,400 Danish crowns and lowers its 2027-2031 EPS forecast by around 20%
** It expects DSV to report its Q3 EBIT at 6 billion Danish crowns ($901 million), 6% below the previous forecast
($1 = 6.6574 Danish crowns)
(Reporting by Boleslaw Lasocki)