Deutsche Post: share backed by broker comments

(CercleFinance.com) - On Tuesday the Deutsche Post share was one of the few risers in the DAX index on the Frankfurt Stock Exchange, thanks to a note from Berenberg, which raising its target price for the stock.


In a sector report, the German broker believes that the arrival of a vaccine against Covid-19 could represent a "huge opportunity" for logistics specialists by allowing them to raise their prices.

In this context, the broker - which has raised its target price for the Deutsche Post share from 43 euros to 48 euros - says it maintains its "buy" recommendation on Deutsche Post share, alongside those of DSV and FedEx.

At 4 p.m., the Deutsche Post share price was up 0.1%, while at the same time the DAX index was down nearly 0.7%.


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