Barclays analyst Marco Limite lowered the firm’s price target on Kuehne & Nagel to CHF 175 from CHF 185 and keeps an Equal Weight rating on the shares as part of a Q2 preview for the European logistics group. Shipping rates were diluted by a booking delay for a “weak” February and March into Q2, but had a strong June into Q3, the analyst tells investors in a research note.
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