DHL Group downgraded to Hold from Buy at Jefferies

Jefferies analyst Michael Aspinall downgraded DHL Group (DHLGY) to Hold from Buy with a price target of EUR 52, down from EUR 60. DHL remains “a quality, cost-out driven story,” but with some risk to the Europe macro picture and a clearer catalyst path at Kuehne & Nagel (KHNGY), the firm sees more near-term upside at Kuehne, which it upgraded.