JPMorgan analyst ratings for German companies

JPMorgan has issued positive outlooks for several German corporations. For the energy company RWE, analysts reaffirmed an ‘Overweight’ rating with a price target of 68.50 Euro, anticipating that upcoming quarterly results will confirm positive profit momentum.

Additionally, JPMorgan maintained an ‘Overweight’ rating for DHL Group with a price target of 65 euros. Analysts noted that recent figures from US-based logistics firm UPS suggest a disciplined environment within the industry, a finding that aligns with previous data regarding DHL.

Regarding the energy group E.ON, JPMorgan maintained an ‘Overweight’ rating with a price target of 21.70 euros, noting the company appears on track to meet annual targets despite upcoming regulatory discussions and an ongoing cost-cutting program named ‘Polaris’.

In the industrial sector, the bank maintained a ‘Neutral’ rating for Knorr-Bremse with a price target of 108 euros after order intake, revenue, and operating profit missed consensus estimates. While the railway division remains a significant factor, analysts view current issues there as temporary and noted that concerns regarding the truck segment did not materialize.

Finally, JPMorgan maintained an ‘Underweight’ rating for Henkel with a price target of 65 euros, observing that while organic growth was stronger than expected, it was primarily driven by price increases.