0808 GMT - DHL Group's second quarter results should show that profits have held up well despite the market's volatility, Deutsche Bank analyst Andy Chu writes. The bank is positive on DHL as it has market-leading assets, largely with high barriers to entry, and a proven ability to adapt to uncertainty. It expects free cash flow at around 3 billion euros, allowing the company to pay at least a flat dividend of 1.85 euros per share and buy back shares. "We acknowledge that DHL is a cyclical stock and has volatile earnings, but we appreciate the resilient free cash flow, which we believe supports the medium-term buy case." Deutsche Bank lifts its target price to 47 euros from 42 euros. Shares fall 0.5% to 40.78 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
June 12, 2025 04:08 ET (08:08 GMT)
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