Citi upgraded DHL Group (DHLGY) to Buy from Neutral with a price target of EUR 48, up from EUR 40. The firm’s analysis of DHL’s “crucial” Express division shows the Express network has been underutilized as daily TDI volumes have fallen since 2021, says Citi, which believes that the market underestimates the EBIT margin opportunity as volumes recover.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DHLGY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue