Stock Name: CWT
Company Name: CWT LIMITED
The brokerage expects CWT’s 2011 earnings will increase by $9.7 million due to the acquisition. DMG also raised its 2012 earnings estimate for CWT by 48.2% to $61.2 million.
Company Name: CWT LIMITED
| Research House: DMG | Price Call: BUY | Target Price: 1.73 |
DMG & Partners, which has a buy rating on Singapore logistics services firm CWT (CWTD.SI), has raised its target price to $1.73 from $1.40, saying the recent purchase of commodity firm MRI Trading AG will boost earnings.
CWT’s acquisition of commodity firm MRI Trading will strengthen CWT’s supply chain management business and logistics service offerings, DMG said.
CWT’s acquisition of commodity firm MRI Trading will strengthen CWT’s supply chain management business and logistics service offerings, DMG said.
The brokerage expects CWT’s 2011 earnings will increase by $9.7 million due to the acquisition. DMG also raised its 2012 earnings estimate for CWT by 48.2% to $61.2 million.
“We remain positive on CWT’s prospects, with its continued focus on building its core business competencies,” said DMG in a report.
At 10:51 a.m., CWT shares were 1.1% lower at $1.32. They have risen 32% since the start of the year.
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