0908 GMT - Deutsche Post results are broadly in line, with a volume recovery in business-to-business still not there yet, Deutsche Bank analysts write. Full-year 2024 EBIT guidance was maintained, with the company guiding for a 2H recovery helped by macro improvement. The bank thinks that 2Q EBIT could look similar to 1Q and therefore a big uptick in profits is required to get to consensus forecasts. "We think that consensus forecasts and company guidance remain on the optimistic side and we will have to wait until 2H to see if the recovery comes through." Deutsche Bank rates the company at hold with a EUR43 price target. Shares rise 0.9% to EUR38.78. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 07, 2024 05:08 ET (09:08 GMT)
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