PostNL: UBS downgrades its recommendation

(CercleFinance.com) - UBS has downgraded its recommendation on PostNL from 'neutral' to 'sell', with a price target reduced from 1.
35 to 1.1 euros, a new target which still implies a downside potential of 13% for the stock compared with the last closing price.

In the summary of its research note, the broker explains that it is lowering its recommendation on the Dutch postal operator 'in view of ongoing cost pressures and limited potential for margin improvement'.

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