Nordea: DFDS profits gearing up

DFDS is well-positioned to benefit from increased activity in Europe, which will improve the carrier's profits in the coming years, says Nordea Markets.

Nordea Markets downgraded the bank's recommendation of the D/S Norden share to "sell" Tuesday following the recent increase of the share's price, though the bank sees a great potential in DFDS.

"We see much more value in shipping company DFDS, which is in a strong position to benefit from the increasing activity in Europe. This will boost the company's profits in the coming years. When the pricing is also at an attractive level, we see this as a very interesting investment opportunity, where the price far from matches the possible profitability of the share," writes Nordea Markets on Tuesday.

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