Broker Recommendations

Citi downgrades Bunzl to 'neutral' from 'buy'

By Michele Maatouk

Date: Friday 18 Oct 2024

(Sharecast News) - Citi downgraded Bunzl on Friday to 'neutral' from 'buy' after a run-up in the shares, but kept its 3,700p price target.
The bank said management comprehensively reset market expectations at the time of Bunzl's interims, promising growth inflection, solid margin prospects, M&A, and buybacks. This drove a 10-15%...

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