Morgan Stanley downgraded Associated British Foods to Equal Weight from Overweight with a 2,500 GBp price target. The analyst says volume growth will be the main theme for European retailers in 2024. As price inflation moderates, sales growth will become increasingly reliant on volumes, and retailers in the “sweet spot” to be rewarded by the market, the analyst tells investors in a research note. The rating change is part of the firm’s 2024 outlook.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ASBFY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue