Bunzl PLC (LON:BNZL) shares retreated on Friday as Barclays downgraded its rating for the FTSE 100-listed distribution group to 'equal-weight' from 'overweight'.
The bank also cut its target price for the stock to 2,350p from 2,750, with Bunzl shares currently trading at 2,411p, down 1.4% on Thursday's close.
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In a note to clients, Barclays' analysts said: "2020 was a strong year for Bunzl and for disposable products. The opposite could be true in the years ahead."
The report explores the potential net impact from post-coronavirus (COVID-19) trends and customers switching away from single-use plastics - around 15% of group sales.
The analysts said; "We conclude both could weigh on Bunzl's structural organic story, and the uncertainty this creates for the incremental buyer means we see greater value or structural growth opportunities elsewhere in the sector."