Davy Research

Transport Logistics

The future of European parcels
Transport Logistics
Deutsche Post DHL Group | Royal Mail

DAVY VIEW

E-commerce is one of the key structural growth drivers in the global logistics industry. It is leading to strong growth in both parcel and express markets. However, it is also fundamentally reshaping delivery models as customers demand customised solutions across the product spectrum. Competitive intensity and speed of innovation are also rising. To help investors better navigate this rapidly evolving landscape, we have commissioned global logistics experts Transport Intelligence (Ti) to undertake an in-depth study of the European parcels market. We also include our forecasts for Deutsche Post DHL, FedEx, Royal Mail (including GLS) and UPS and move our price target on Deutsche Post DHL to €36 and Royal Mail to 450p.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Deutsche Post DHL Group

    Closing Price: 3119c

  • RATING 01/09/15

  • PREVIOUS RATING 28/01/15

    Neutral

  • Royal Mail

    Closing Price: 406p

  • RATING 21/01/16

  • PREVIOUS RATING 17/04/15

    Underperform

Analyst(S)

Transport Logistics

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