DHL Group: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded DHL Group shares from 'buy' to 'neutral', with a target price reduced from E53 to E41, which is just 6% higher than its latest price, saying that it was more cautious about volumes for the German parcel and logistics group.


In its note, the broker says that it has reduced its EPS estimates by 12%, to reflect the lower profitability of Express/DGFF (DHL Global Forwarding, Freight). It believes that momentum could remain negative in the first quarter, it warns.


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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.