DGC [BUY +43.5%] - Price spread remains strong; uncertain long-term plans - Update
  • 08 Nov 2022
  • Company Research
- We reiterate our BUY rating for DGC despite cutting our target price by 15%. Our lower target price is mainly because of decreasing our target EV/EBITDA to 6x from previously 8x, which is to account for a 1-ppt increase in our equity risk premium and ou