PostNL: abandoned after broker downgrade
(CercleFinance.com) - PostNL shares are down over 4% in Amsterdam today, weighed on by a downgrade by UBS (from 'neutral' to 'sell'), along with a target price reduced from E1.
35 to E1.1, which still implies downside potential for the stock.
The broker summarises that it is downgrading the Dutch postal operator in view of ongoing cost pressures and limited potential for margin improvement.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
35 to E1.1, which still implies downside potential for the stock.
The broker summarises that it is downgrading the Dutch postal operator in view of ongoing cost pressures and limited potential for margin improvement.
Copyright (c) 2024 CercleFinance.com. All rights reserved.