Deutsche Post price target raised to EUR 54 from EUR 50 at Deutsche Bank

Deutsche Bank analyst Andy Chu raised the firm’s price target on Deutsche Post to EUR 54 from EUR 50 and keeps a Buy rating on the shares. The firm believes Q2 profits could be higher than Q1. Deutsche Bank thinks that Q2 EBIT could be higher than Q1 and investors may find this surprising given a normalization of profits in forwarding coupled with a volatile and challenging macro-economic backdrop.