DHL Group: downgraded by broker
(CercleFinance.com) - DHL Group shares are down over 1%, thus underperforming a fairly flat DAX40 in Frankfurt, hit by a downgrade from Barclays ('overweight' to 'equal weight'), with a target price lowered from E44 to E37.
5.
The broker explains that it still sees downside potential for 2026 targets, despite the recent reduction, and also considers the valuation of the German mail and logistics group to be "unconvincing".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5.
The broker explains that it still sees downside potential for 2026 targets, despite the recent reduction, and also considers the valuation of the German mail and logistics group to be "unconvincing".
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.