DGC [BUY +26.3%] - Softer landing in 2023F as GPM beats expectations - Update
  • 24 Aug 2022
  • Company Research
- We reiterate our BUY rating for DGC and maintain our target price of 118,000/share. Our higher 2023F earnings forecast and DGC’s higher net cash balance as of Q2 2022 are offset by our lower target EV/EBITDA of 8x from 10x previously, which is to accoun