Deutsche Post: in the green with broker remarks – 01/16/2023 at 14:08

(CercleFinance.com) – Deutsche Post-DHL gained more than 1% and thus outperformed the trend in Frankfurt, helped by comments from Stifel, which maintained its ‘buy’ recommendation despite a price target lowered from 60 to 57 euros due to an adjustment of estimates.

The German group’s stock remains its favorite (‘top pick’) in the logistics sector, ‘offering long-term structural growth and a record of free cash flow at a convincing valuation and a decent dividend yield’.

The broker awaits the publication of the 2022 annual results (March 9) with a certain optimism and believes that an “increase in the remuneration of shareholders is likely to offer another positive catalyst”.

.

Leave a Comment

Your email address will not be published. Required fields are marked *