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Deutsche Bank has downgraded the world’s largest courier company from “buy” to “hold”. The investment bank said Deutsche Post’s growth could be muted in the medium term by a softer economic backdrop and restructuring costs. The firm has set a target price for DHL of €25.5.
Canaccord Genuity have placed a speculative “buy” rating on the group, with a target price of 60p due to the Lapacho light oil discovery in Paraguay. The analysts said it was an “important step towards a commercial find” in the Chaco Basin of Paraguay.