Analysts See More Restrained Outlook for DHL Group

Societe Generale has downshifted in its latest evaluation, adjusting the rating of DHL Group from 'Buy' to 'Hold', although the price target was slightly positively corrected from 45 to 46 euros. Analyst Sumit Mehrotra conveyed caution against premature optimism regarding a macroeconomic recovery in volume development at the German logistics leader in his current analysis. He highlights the ongoing tensions in the Red Sea and modest forecasts from competitors, which make a substantial improvement in business prospects for the year 2024 seem unlikely. Based on this assessment, Mehrotra has revised his profit forecasts for DHL downwards. Nevertheless, a moderately increased industry valuation led to a slight increase in the price target. His revised estimates refer to the fiscal year 2024, indicating a long-term oriented perspective. Despite the downgrade, the financial health of DHL remains in the focus of investors, as the bank has only minimally raised the price target, thereby signaling a consistency for steady, albeit not outstanding performance.