By Michele Maatouk
Date: Friday 21 Jun 2024
(Sharecast News) - Morgan Stanley downgraded B&M European Value Retail on Friday to 'underweight' from 'equalweight' as it said like-for-like growth is slowing and it expects margins to contract year-over-year in FY25, which is a worse outlook than UK retail peers.
The bank, which cut B&M's price target to 433p from...
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