BofA Raises DHL Group Price Objective, Estimates After FY26 EBIT Guidance Upgrade

BofA Global Research raised its price objective and estimates for Deutsche Post (DHL.F), d/b/a DHL Group, following the German logistics company's preliminary second-quarter results and full-year EBIT guidance upgrade. "Preliminary group 2Q EBIT of EUR1,850m is +20%/+17% above company compiled consensus / BofA estimates mainly driven by the Express segment. Management raised 2026 EBIT guidance to >EUR6.5bn (from >6.2bn), which is in-line with consensus of EUR6.5bn and assumes no worsening of macro environment," analysts said Wednesday. "We see potential for upside to our 3Q Express and Forwarding estimates along with scope for a further guidance upgrade," analysts added. As such, the research firm lifted its price objective to 61.50 euros from 59 euros and reaffirmed the stock's buy rating. The projected EBIT for 2026 was increased by 5% to 6.85 billion euros, while EPS was lifted by 6% to 3.51 euros. Financial forecasts for 2027 and 2028 were also adjusted, including higher EBIT and EPS projections.