Report
Jeremy Garnier

ID Logistics : Virtuous business model offering further potential overseas with 2024 set for good embedded growth

We see ID Logistics' current steep discount (-25% to historical average) as a good entry point for a stock benefiting from several advantages: more favourable momentum for 2024 (9% in estimated LfL growth), a very encouraging Q3 publication, an unabated buoyant mega-trend in logistics outsourcing, a brisker accretive rollout in the US, a first step taken in the UK and M&A deals expected as early as 2024.  We are raising our target price to € 360 from €350, offering potential upsi...
Underlying
ID Logistics Group

ID Logistics is an international contract logistics group that designs and implements one-stop services tailored to the specific requirements of each client. The services Co. offers combine customized architectures to allow clients to optimize their supply chain.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jeremy Garnier

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