Stock Name: ComfortDelGro
Company Name: COMFORTDELGRO CORPORATION LTD
Company Name: COMFORTDELGRO CORPORATION LTD
| Research House: DBS Vickers | Price Call: BUY | Target Price: 2.71 |
SINGAPORE (Jan 14): DBS Vickers has upgraded ComfortDelGro Corp to "buy" from "hold" and raised its price target to $2.93 from $2.71 after increasing its earnings estimates for FY2015 and FY2016 by 4% and 9% respectively.
The changes reflect lower oil prices, which should aid the transport group's profit margins, according to DBS Vickers analyst Andy Sim, who now expects fuel costs for ComfortDelGro to average US$80 a barrel this year and US$70 a barrel in 2016.
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