Shares in Next PLC (LSE:NXT) are expected to outperform those of Primark owner Associated British Foods PLC (LSE:ABF) off the back of the FTSE 100 clothing retailers' trading updates next month, according to analysts at Jefferies.
The US investment bank has updated its outlook for Next and ABF, forecasting stronger performance for NXT while expressing caution about ABF's profit margins.
Mobico Group PLC's (LSE:MCG) confirmation that its US school bus business is up for sale underlines the current low valuation, suggests Jefferies.
Strong [+10.2%] pricing on NASB [US school bus] contracts is supportive for both disposal interest and valuation potential, adds the bank, but even on a ‘trough’ multiple debts would fall materially.
ITM Power PLC (AIM:ITM) needs to turn customer interest into order growth but is in the hands of a “lacklustre” green hydrogen market, according to UBS analysts.
Analysts from the bank cut the clean technology company’s share price target from 65p to 60p on Wednesday as a result, alongside issuing a ‘neutral’ rating.