Exane BNP Paribas downgraded Associated British Foods to Neutral from Outperform with a 2,325 GBp price target. The analyst cites valuation for the downgrade, saying higher Primark margin expectations are now in the share price.
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Read More on ASBFY:
- Associated British Foods upgraded to Add from Hold at Investec
- Associated British Foods price target raised to 2,400 GBp at Barclays
- Associated British Foods price target raised to 2,600 GBp at Credit Suisse
- Associated British Foods price target raised to 2,350 GBp at Citi
- Associated British Foods downgraded to Hold from Buy at Deutsche Bank
