DPSTF - DHL Group: Outlook Below Expectation Still A Buy

2024-03-16 00:44:34 ET

Summary

• Exogenous phenomena provide positive price increase opportunities for global transportation companies.
• The company confirmed its DPS and increased its buyback.
• DHL released lower 2024 guidance, and we decided to decrease our buy rating target.

Following the recent Q4 release, today we are back to analyze DHL Group (DPSTF) (DHLGY). Here at the Lab, we believe DHL is a strong buy opportunity supported by its resilient performance and further growth upside. Aside from a tasty dividend yield and a prudent approach by the CEO, our equity story is backed by 1) logistics volume, which consistently outperforms worldwide GDP growth, and 2) a business transformation (from a German postal player to a global logistics market leader)....

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