Associated British Foods boosted by Morgan Stanley upgrade
The bank’s analysts have upped their stance on ABF to 'overweight' from 'equal-weight' with an increased price target of 2,800p, up from 2,650p.
Company
LON:ABF
Associated British Foods is a diversified international food, ingredients and retail group with sales of £10.2 billion and 97,000 employees in 44 countries.
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The bank’s analysts have upped their stance on ABF to 'overweight' from 'equal-weight' with an increased price target of 2,800p, up from 2,650p.
Investments and investor services
FTSE 100 shares closed higher on Monday as buoyant mining stocks responded to a strike in Chile which boosted copper prices
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
Following AB Foods’ trading update yesterday, the German banking giant reiterated its buy recommendation and 3,200p target price
With an avalanche of updates to trudge through – not least a blizzard of them today – the actual outcome has not sent as many shivers through the City as expected.
Total group revenue for the 16 weeks to 7 January was 10% ahead of the same period last year
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
Footsie was expected to hit another high today, but it has not happened yet
Next's latest gloomy trading update wiped more than 10% off a share price that had already slumped by a third in 2016.
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
The bank cut Next to 'hold' from ' buy', and reduced bicycles to car parts retailer Halfords Group and department stores group Debenhams both to 'sell' from 'hold'
Archive
A round-up of some of today's broker commentary
UBS rates Next as a ‘buy’ and its £58.50 target suggests some 15% upside to the UK retailer's current share price.
Some of the main news-driven share price changes at 3.45pm
Primark's new store expansion, better margins for food products and foreign exchange factors were all among the talking points for Associated British Foods.