By Michele Maatouk
Date: Tuesday 30 Jul 2024
(Sharecast News) - Deutsche Bank downgraded Man Group on Tuesday to 'hold' from 'buy' and cut the price target to 280p from 325p.
It noted the growing risks to performance fees, flows and incremental share buybacks from the weakening short-term investment performance observed.
The bank said: "Whilst the recent H124...
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