Kepler cuts Logista to 'hold' on more limited upside potential

Logista Integral SA

14/10/2024 10:52

** Kepler Cheuvreux downgrades Spanish logistics company
Logista  LOG.MC  to "hold" from "buy" as it sees more limited
upside potential with interest rates curve trending downward
    ** "For two years, Logista has posted sizeable profit on
inventory gains, but they may not recur over time," it says
    ** It adds that M&A-driven expansion is a key source for an
upside, but the size and the timing are still uncertain
    ** Out of 10 analysts that cover Logista, eight rate the
stock "strong buy" or "buy" and ​two "hold" 

 (Reporting by Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))