Deutsche Post: Stifel's top pick in logistics

(CercleFinance.com) - Despite trimming its target price for the share from 60 euros to 57 euros, following an adjustment in its earnings estimates, Stifel maintains its "buy" rating on Deutsche Post-DHL, which remains its top pick in the logistics sector.


According to the broker, the German group's share offers record long-term structural growth and free cash flow at a convincing valuation (P/E at 10x), along with a decent dividend yield (around 5.5%)".

Stifel anticipates Deutsche Post-DHL's 2022 annual results (9 March) with some optimism and believes that an increase in shareholder remuneration is likely to provide another positive catalyst.

The share is currently up about 1.5%, outperforming the index by over 1% in Frankfurt.


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