Jefferies lowered the firm’s price target on Kingfisher to 205 GBp from 210 GBp and keeps a Hold rating on the shares. The company reported a softer Q4 performance across core regions, and its fiscal 2025 PBT guidance is .6% below consensus expectations, the analyst tells investors in a research note. The firm sees potential upside in Kingfisher’s newly announced French strategy, but remains cautious given historical challenges in the region and macro headwinds that are expected to continue.
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Read More on KGFHY:
- Kingfisher upgraded to Buy from Neutral at Citi
- Kingfisher downgraded to Hold from Buy at Jefferies
- Kingfisher price target lowered to 180 GBp from 190 GBp at JPMorgan
- Kingfisher downgraded to Underweight from Equal Weight at Morgan Stanley
- Kingfisher downgraded to Sector Perform from Outperform at RBC Capital
