It has gone to ‘neutral’ from ‘outperform’ on the stock and lowered its pre-tax profit forecast by 37% and 27% for this year and next.
Laird, it seems, was the canary in the coal mine for the FTSE 250 - host to most of our home-grown talent.
There was research on the trio, although all of it was simply commentary. The red ink will likely flow after the analysts speak to management later on Thursday.
It said last year’s results from the provider of temporary generators were flattered by foreing exchange ‘tailwinds’. It also cited competition concerns.
Sticking with the Swiss bank; it had good news for the staffing group SThree (LON:STHR). It has moved to ‘outperform’ from ‘underperform’ on the stock while lifting its price target to 285p from 240p.
It says Shree has been left behind during the recent rally of the sector.
JP Morgan Cazenove repeated its ‘overweight’ stance on the stock, although it cut its price target 60p a share to £17.15.
That’s still well ahead of the current price, which is bobbling along below £15. JPMC points out Travis is trading on a fairly cheap multiple of less than 12-times' forward earnings