Deutsche Post price target raised by EUR 7 at HSBC, here’s why

HSBC analyst Parash Jain raised the firm’s price target on Deutsche Post to EUR 52 from EUR 45 and keeps a Buy rating on the shares. Stronger than expected parcel volume and lower jet fuel set the stage for a strong finish to the year, the firm says in a research note on Friday. DHL is HSBC’s preferred pick among EU logistics on its e-commerce exposure.