Jefferies downgraded Kingfisher to Hold from Buy with a price target of 210 GBp, down from 330 GBp. The firm believes that challenges in France and persisting macro headwinds will weigh on Kingfisher’s growth. U.K. Trade and Polish businesses have a store growth tailwind for the company, but Jefferies overall model calls for only 6% EPS growth in FY25, the analyst tells investors in a research note.
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