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Sell-off at Inchcape 'hard to justify', says Citi

By Benjamin Chiou

Date: Monday 27 Jan 2025

(Sharecast News) - Last week's sell-off in Inchcape's shares was overdone, according to analysts at Citi, which retained a 'buy' rating on the stock.
Inchcape tumbled on Thursday after JPMorgan Cazenove downgraded the car dealership to 'neutral' from 'overweight' and slashed the price target to 800p from 1,050p, saying investors should...

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