PostNL: shares jump on broker upgrade
(CercleFinance.com) - Shares of PostNL are jumping on Monday, up almost 5%, after a broker upgraded the stock from "hold" to "buy".
After surveying over 250 European parcels market participants and interviewing a number of senior industry executives, Berenberg said that its findings have made it increasingly optimist about the Dutch postal service operator.
The analyst has maintained his price target at 2.75 euros for the stock.
PostNL shares are up 4.9% at 2.4 euros at around midday on Euronext Amsterdam.
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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.
After surveying over 250 European parcels market participants and interviewing a number of senior industry executives, Berenberg said that its findings have made it increasingly optimist about the Dutch postal service operator.
The analyst has maintained his price target at 2.75 euros for the stock.
PostNL shares are up 4.9% at 2.4 euros at around midday on Euronext Amsterdam.
Copyright (c) 2019 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.