Jefferies Lowers DHL to Hold, Cuts Target to €52 Citing Cloudy Macro Outlook
Jefferies has downgraded Deutsche Post DHL Group (ETR:DHLn) from buy to hold and reduced its 12-month price target from €60 to €52. The bank pointed to an uncertain macroeconomic environment and prefers Kuehne+Nagel for near-term upside. Its 2026-2028 revenue, EBIT and cash flow projections were left broadly unchanged, while the firm highlighted cu…