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Berenberg slashes Close Brothers price target amid 'regulatory rollercoaster'

By Michele Maatouk

Date: Friday 16 Feb 2024

(Sharecast News) - Berenberg slashed its price target on Close Brothers on Friday to 425p from 1,100p as it cut estimates after the merchant bank announced it was scrapping its dividend amid a regulator probe into car financing.
The Financial Conduct Authority said last month that it would investigate commission on...

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