1037 GMT - Deutsche Post's valuation looks fair at current levels, but HSBC cautions that trade headwinds from tariff policies may dent the volume outlook. The company's share price was up 14% on the day of its results, on a higher buyback and better margins in the express business, despite cautious guidance and muted macro and business-to-business recovery, HSBC says. The capital markets day on April 3 is a potential catalyst as the company unveils its growth ambitions, the bank says. HSBC downgrades its rating to hold from buy and lifts its target price to 47 euros from 41 euros. Shares fall 3.9% to 42.55 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 07, 2025 05:37 ET (10:37 GMT)
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