1057 GMT - DHL could face challenges from a tariff-induced hit to global growth, Deutsche Bank analyst Andy Chu writes. The bank trimmed DHL forecasts ahead of Liberation Day, taking its 2025 EBIT forecast to 5.98 billion euros, versus management guidance of over 6 billion euros. Deutsche Bank previously assumed tariffs would cause modestly lower global trade and that complexity in the supply chain would lead to increased demand for value-added services which would help offset lower volumes. "But we think that the uncertainty of tariffs and retaliatory tariffs could now lead to a material decline in global GDP and a potential recession." The bank lowers its target price to 42 euros from 50 euros and keeps a buy rating. Shares fall 1.4% to 35.75 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 06:57 ET (10:57 GMT)
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