Street Calls of the Week
Investing.com - Kepler Cheuvreux initiated coverage on bpost SA (BPOST:BB) with a Buy rating and a price target of EUR3.60.
The research firm believes bpost is successfully transforming into a "full fledged contract logistics company," a shift it suggests is currently underappreciated by the market.
Kepler Cheuvreux highlighted the recent Staci acquisition as a positive development, noting that lessons learned from previous mistakes with the Radial acquisition should help bpost "fundamentally change its risk and profit profile."
The firm pointed out that the Belgian business, which has faced challenges, will play a reduced role in the group moving forward.
According to Kepler Cheuvreux, the troubled Belgian operations will be managed by leadership "unconnected to past scandals," suggesting a clean break from previous issues.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.