Bpost: Barclays Capital upgrades rating
(CercleFinance.com) - Barclays Capital (BarCap) has upgraded its rating on bpost from "weight in line" to "overweight" and has raised its target price for the share from 26.
4 euros to 33.75 euros, in a report about European logistics groups.
“We are increasingly convinced that the broad spectrum of e-commerce logistics is THE major revenue and profit opportunity within the wider logistics markets,” the broker states in its report.
BarCap believes that, although Deutsche Post-DHL, Royal Mail and bpost are not "guaranteed winners" of this momentum, their size, geographic coverage and management focus give them a real strategic advantage.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
4 euros to 33.75 euros, in a report about European logistics groups.
“We are increasingly convinced that the broad spectrum of e-commerce logistics is THE major revenue and profit opportunity within the wider logistics markets,” the broker states in its report.
BarCap believes that, although Deutsche Post-DHL, Royal Mail and bpost are not "guaranteed winners" of this momentum, their size, geographic coverage and management focus give them a real strategic advantage.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.