Broker Recommendations

Citi downgrades Babcock to 'neutral' from 'buy'

By Michele Maatouk

Date: Thursday 05 Feb 2026

(Sharecast News) - Citi downgraded Babcock on Thursday to 'neutral' from 'buy' as it increased its price target and said the company's medium-term guidance is conservative.
"The key question is how conservative and what does that mean for valuation? We estimate that taking the low end of guidance, the fair value...

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