Shaw Stockbroking has a “hold" on Boom Logistics , with a “high" risk call and a price target of 15¢ a share.
“With conditions ‘extremely challenging’, BOL will need to pull even harder on margin levers to eke out profits over the next 12-24 months – this may prove extremely difficult given the already significant cost-outs and restructuring the company has undertaken," Shaw Research said.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
