Mainfreight Bull Looks Beyond Year of Below-Trend Growth -- Market Talk

Dow Jones06-21

0058 GMT - Mainfreight is headed for a year of below-trend growth due to cyclical constraints, says Forsyth Barr. Still, some of this impact in FY 2025 will be mitigated by a better backdrop for air and sea freight where activity has improved on a year earlier. Forsyth Barr retains an outperform call on Mainfreight, despite this mixed near-term outlook. That view reflects Mainfreight's "durable growth story" and "relatively defensive industry vertical exposures," analyst Andy Bowley says in a note. Mainfreight's management also has a strong track record of taking advantage of a downturn. "Mainfreight is trading on a 12-month forward PE of 22x, which is a modest discount to its three closest listed peers (DSV, Old Dominion Freight Line, and Kuehne & Nagel," says Forsyth Barr. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 20, 2024 20:58 ET (00:58 GMT)

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That view reflects Mainfreight's \"durable growth story\" and \"relatively defensive industry vertical exposures,\" analyst Andy Bowley says in a note. Mainfreight's management also has a strong track record of taking advantage of a downturn. \"Mainfreight is trading on a 12-month forward PE of 22x, which is a modest discount to its three closest listed peers (DSV, <a href=\"https://laohu8.com/S/ODFL\">Old Dominion Freight Line</a>, and Kuehne &amp; Nagel,\" says Forsyth Barr. 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Still, some of this impact in FY 2025 will be mitigated by a better backdrop for air ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4178","symbol_name":"家庭装饰零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2445271428","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445271428","pubTimestamp":1718931480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0058 GMT - Mainfreight is headed for a year of below-trend growth due to cyclical constraints, says Forsyth Barr. Still, some of this impact in FY 2025 will be mitigated by a better backdrop for air and sea freight where activity has improved on a year earlier. Forsyth Barr retains an outperform call on Mainfreight, despite this mixed near-term outlook. That view reflects Mainfreight's \"durable growth story\" and \"relatively defensive industry vertical exposures,\" analyst Andy Bowley says in a note. Mainfreight's management also has a strong track record of taking advantage of a downturn. \"Mainfreight is trading on a 12-month forward PE of 22x, which is a modest discount to its three closest listed peers (DSV, Old Dominion Freight Line, and Kuehne & Nagel,\" says Forsyth Barr. 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