Broker Recommendations

Deutsche Bank downgrades Greggs and Mitchells & Butlers after budget tax changes

By Benjamin Chiou

Date: Friday 08 Nov 2024

(Sharecast News) - Deutsche Bank has downgraded its ratings for Greggs and Mitchells & Butlers in light of the governments recent changes to employer national insurance contributions, saying that they disproportionately impact a "labour-intensive leisure sector".
The bank has lowered its stance on Greggs from 'hold' to 'sell', cutting its target...

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