** Citi upgrades Danish transport and logistics company DSV DSV.CO to "buy" from "neutral", raising PT by 1.7% to DKK 1,812, as the market underestimates profit convergence with recently acquired peer DB Schenker

** The broker states "the market is underestimating the GP/TEU opportunity" from aligning DB Schenker's gross profit per standard shipping container with that of DSV

** It adds there is optimism for the 2026 gross profit per unit due to higher freight rates in both the air and sea divisions of the combined group

** Every DKK 100 increase in Schenker's container profit equates to roughly a 50-basis-point boost to 2027 EBIT, the brokerage notes

** Citi expects the May 12 Capital Markets Day will reflect these positive dynamics in mid-term guidance and review the DKK 9 billion synergy targets for the Schenker deal

** Out of 22 analysts that cover the stock, 21 rate it "strong buy" or "buy", and one "hold", according to LSEG data