DSV-Schenker goes lone wolf – the pack hunts for bolt-ons
Shake the agents, too, looking for growth
Even the fastest horses have their day
By Mike Weir
Investors in Expeditors International will have done well to ignore broker advice over the past few years.
The US West Coast forwarder – currently trading close to an all-time high of $94 – has been a “SELL” for most analysts for the past three years, yet its stock rarely dips below the consensus target price ($91.3). Meanwhile, stamping on it a fair value above $70, according to Premium calculations, still requires some creative thinking.
The stock is clearly propped up by broader market strength but it ...
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