FRANKFURT (dpa-AFX) - Deutsche Bank Research has downgraded DHL Group from "Buy" to "Hold" and lowered its price target from 49.50 to 43.00 euros. He had been positive on the logistics group's shares since January 2017 and the long-term investment case is still intact, analyst Andy Chu wrote in a study published on Thursday. However, DHL is a cyclical company. He therefore fears that the annual targets for 2024, but also for 2026, could be too high in the short term. His assumptions are now below the management's estimates. The overall economic picture is mixed./ck/mis

Publication of the original study: 28.03.2024 / Time not specified in study / CET

First publication of the original study: 28.03.2024 / 07:42 / CET

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