1247 GMT - Kuehne + Nagel's sea and air freight market outlook is softening in 2025, so focus will probably shift to the company's cost-control measures, HSBC analysts write. "We believe the stock lacks any other near-term positive catalysts." The bank trims its 2025-26 EBIT forecast by 7%-9% after lowering volume and yields estimates for both the sea and air divisions to factor in weakening market conditions amid trade conflicts. It has also slashed its road unit EBIT expectations as the company guided for persistent headwinds. HSBC lowers its share target price to 206 Swiss francs from 220 francs and maintains its hold rating. Shares rise 0.4% to 204.70 francs. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 07:47 ET (12:47 GMT)
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