DHL Group: Stifel raises TP after roadshow
(CercleFinance.com) - While maintaining its 'hold' recommendation on DHL Group shares, Stifel has raised its target price for them from E40 to E43, following its participation in a post-results roadshow with CFO Melanie Kreis and head of investor relations Martin Ziegenbalg.
We came away with a constructive view, he says, while acknowledging that the shorter-term earnings trend will be rather limited, as the dynamics of the Q4 2024 should not be extrapolated into Q1.
That said, we believe the group is actively managing risks, opportunities and costs effectively, and demonstrating its commitment to shareholder value and returns, the broker continues.
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