Ireland: DCC, Kingspan, Paddy Power lead 2017 "conviction list" of Davy
03.01.2017 Ireland: DCC, Kingspan, Paddy Power lead 2017 "conviction list" of DavyIrish Times (The), 03 Jan 2017, online:-
DCC, an Ireland-based diversified firm involved in oil and gas distribution, hospital supplies, waste management, recycling and IT services, and Ireland-based bookmaker Paddy Power Betfair (Paddy Power) are included in the new "conviction list" from 120 firms compiled by securities company Davy. The list names companies that are expected to offer the upside for investors in 2017 and also includes Kingspan, an Ireland-based insulation maker. Paddy Power is projected to record free cash flow totaling EUR 1.20bn (USD 1.35bn) from year 2016 to 2018. Davy also expects a 30% growth in its EUR 124 price target for Paddy Power, while projecting a 24% rise for Kingspan and a 26% rise for DCC.
Besides that, Dalata Hotel Group, Ryanair, Netherlands-based vitamin-maker DSM, Denmark-based transport and logistics group DSV, Ireland-based airline Ryanair and Dalata Hotel Group of Ireland are also included in the list. All the companies have share price targets that might increase by a minimum 10% in value, as projected by Davy.
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