Comment / DHL Group – bulls turning bearish

ID 1551332 © Kenneth W Mellott | Dreamstime.com

We may soon expand on integrated logistics (and its defensiveness in the downturn drawing from our ’only one model rocks in the down cycle’) but to get there, today we flag the change of attitude towards one of the prominent IL representatives: DHL Group.

Following its Q4/annual numbers, analysts have rushed to revise their models, with several recommendations reflecting the new 2024 reality for the German group.

Reminder: one argument previously made for weakness on the stock market was the “DB Schenker ...