PostNL: shares fall after broker cuts target

(CercleFinance.com) - PostNL shares fell 2.
4% to below 1.6 euro on Monday, after Barclays reduced its target price for the Dutch postal operator from 3.1 euros to 2.1 euros.

In a note to clients, the broker cited first-quarter results that fell short of both its estimates and market expectations.

However, noting that the group has maintained its guidance for 2019, Barclays reiterated its "equal weight" rating on the stock.

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