Shares increase in Deutsche Post
Deutsche Post bucks trend (Deutsche Post – Aktie Gelb wird zum Fels in der Brandung)
Die Welt – Germany, Sep 24, 2001
Shares in Deutsche Post, the German post office and logistics company, increased by 20 per cent last week, after rising to 14.12 euros by Friday lunchtime.
The company had confirmed its profit forests for the current year, despite the terrorist attacks in the US and gloomy economic prospects. Analysts agreed that the effects of the situation in the US on the company would be limited, as US business accounts for just 6 per cent of turnover. Analysts at Credit Suisse First Boston recommended buying the shares and set a 12 month share price target of 18.70 euros.
Abstracted from Die Welt
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