** Kepler Cheuvreux downgrades DHL DHL to “hold” from “buy” as it says the German logistics giant’s risk is skewed to the downside for the rest of the year, despite the good run so far

** Kepler expects DHL to struggle to achieve its FY 2025 guidance for more than 6 billion euros in EBIT, warning of a more challenging freight environment in H2

** DHL is more exposed to a downturn in freight volumes than its freight forwarding peers, it says, adding “there is a better value elsewhere”

** It also sees the abolishment of US de minimis exemption as an additional burden for DHL’s Express division and cuts its mid-term EBIT estimates by a mid-single digit percentage

** DHL said on Friday it will suspend acceptance and transport of parcels and postal items containing goods from business customers destined for the United States after August 25
Source: Reuters