Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.
Analysts at Berenberg lowered aerospace and defence giant Rolls-Royce to 'sell' from 'hold' on Tuesday, citing an unfavourable risk/reward scenario, but marked up their target price on the stock from 100.0p to 240.0p.
WPP slumped on Thursday after UBS double downgraded the shares to ‘sell’ and slashed the price target to 700p from 1,200p, saying that 2024 was set to be another challenging year.
Canaccord Genuity has cut its recommendation for Future Plc from 'hold' to 'sell' ahead of the specialist media group's annual results next week, saying it sees downside risk to market forecasts.