Bernstein downgraded AB Foods (ASBFY) to Market Perform from Outperform with a price target of 1,800 GBp, down from 3,100 GBp. The firm cites deteriorating demand at Primark and a continued low sugar price for the downgrade.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASBFY: