Latest news with #GBp
Business Insider
4 days ago
- Business
- Business Insider
Bunzl price target lowered to 2,800 GBp from 3,700 GBp at Citi
Citi analyst Marc Van'T Sant lowered the firm's price target on Bunzl (BZLFY) to 2,800 GBp from 3,700 GBp and keeps a Buy rating on the shares. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
03-06-2025
- Business
- Business Insider
Rio Tinto downgraded to Hold from Buy at Jefferies
Jefferies downgraded Rio Tinto (RIO) to Hold from Buy with a price target of 4,600 GBp, down from 5,700 GBp. News that Jakob Stausholm is stepping down as Rio's CEO later this year creates uncertainty about the company's strategic direction, the analyst tells investors in a research note. Jefferies adds that while the firm is not bearish on iron ore, it also believes that the escalating trade tensions between the U.S. and China, ongoing weakness in the Chinese property markets, planned closures of Chinese steel capacity due to 'structural problems', and seasonal weakness will lead to the iron ore price drifting lower in the near term. Confident Investing Starts Here:
Business Insider
31-05-2025
- Business
- Business Insider
SSE price target raised to 2,000 GBp from 1,900 GBp at RBC Capital
RBC Capital analyst Alexander Wheeler raised the firm's price target on SSE (SSEZY) to 2,000 GBp from 1,900 GBp and keeps an Outperform rating on the shares. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
28-05-2025
- Business
- Yahoo
Barclays Upgrades Burberry (BURBY) to Equal Weight, Raises PT as Brand Concerns Ease
On Tuesday, Barclays analyst Carole Madjo upgraded Burberry Group (OTC:BURBY) to Equal Weight from Underweight, and increased its price target from 720 GBp to 1,000 GBp. This shift reflects a decrease in Barclays' concerns regarding the potential dilution of Burberry's brand equity. A luxury apparel store, showcasing the high-end brand offerings. Barclays had previously downgraded Burberry due to worries about a lack of a disciplined full-price strategy, markdown initiatives, high exposure to outlets, and potential changes in management strategy. However, the firm now notes that these risks have not materialized over the past few months. Specifically, markdown activity in November 2024 did not appear to harm the brand image. The renewed brand strategy, which focuses on offerings like outerwear and scarves, aligns more closely with Burberry's DNA. While it's early to determine if new products will translate into sales success when they hit stores in calendar H2, successfully navigating a markdown phase without brand damage is seen as a positive. Burberry Group (OTC:BURBY) manufactures, retails, and wholesales luxury goods under the Burberry brand. While we acknowledge the potential of BURBY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BURBY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
23-05-2025
- Business
- Business Insider
Tesco price target raised to 400 GBp from 390 GBp at JPMorgan
JPMorgan raised the firm's price target on Tesco (TSCDY) to 400 GBp from 390 GBp and keeps an Overweight rating on the shares. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
