JPMorgan downgraded Deutsche Post to Underweight from Neutral with a price target of EUR 31.50, down from EUR 45. The analyst adjusted ratings in the European logistics sector, saying asset light intermediaries seem to be in a stronger position than asset owners currently, with increased need for logistics services, but without the direct freight rate exposure.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DPSGY:
