One of the most bullish transportation analysts on Wall Street has tapped the brakes on his approach to selecting equities in 2022. In a Monday report to clients, Deutsche Bank analyst Amit Mehrotra advocated for a more selective stance on transport stocks in the coming year, citing inflationary concerns as a reason to avoid names trading at peak valuation multiples.
Mehrotra noted that inflation historically drives equity multiples lower and that “the easy monetary and generous fiscal policies...
https://www.freightwaves.com/news/deutsche-bank-slows-approach-to-transportation-stocks-in-2022