Deutsche Post "overweight," target price reduced
Analysts at JP Morgan maintain their “overweight” rating on Deutsche Post AG while reducing their estimates for the company. The 18-month target price has been reduced from EUR 27 to EUR 23.3.
In a research note published on 21st July, the analysts mention that the company witnessed weaker-than-normal trends this summer due to macro economic and earnings concerns. Deutsche Post’s performance for the current year has also been negatively impacted by fuel, labour and cost concerns, the analysts add. Deutsche Post’s current share price does not reflect the robust volume trends in the company’s mail business and some other positive factors, JP Morgan believes. The adjusted EPS estimates for 2008 and 2009 have been reduced from EUR 1.86 to EUR 1.71 and from EUR 2.12 to EUR 1.76, respectively
Analysts at JP Morgan maintain their “overweight” rating on Deutsche Post AG while reducing their estimates for the company. The 18-month target price has been reduced from EUR 27 to EUR 23.3.
In a research note published on 21st July, the analysts mention that the company witnessed weaker-than-normal trends this summer due to macro economic and earnings concerns. Deutsche Post’s performance for the current year has also been negatively impacted by fuel, labour and cost concerns, the analysts add. Deutsche Post’s current share price does not reflect the robust volume trends in the company’s mail business and some other positive factors, JP Morgan believes. The adjusted EPS estimates for 2008 and 2009 have been reduced from EUR 1.86 to EUR 1.71 and from EUR 2.12 to EUR 1.76, respectively
