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DPW gets 'buy' rating from Shuaa on expansion plans
DUBAI — DP World Ltd., the port operator that raised $4.96 billion in the Middle East's biggest share sale, was recommended as 'buy' in new coverage by Dubai-based Shuaa Capital PSC.
Analysts at the United Arab Emirates biggest investment bank, including Kareem Murad, set a price estimate of $1.47 for the shares, 21.5 per cent higher than yesterday's close of $1.21. Shuaa's recommendation cited DP World's expansion plans that will 'almost double total gross capacity' over the next decade.
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