RBC Capital downgraded Bunzl (BZLFY) to Sector Perform from Outperform with a price target of 2,350 GBp, down from 2,600 GBp. The firm cites “Street-wide concerns” that the company’s April warning was not a “one and done” and feedback that Bunzl faces greater competition which could further pressure organic margins over the medium term for the downgrade.
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Read More on BZLFY:
- Bunzl price target lowered to 2,800 GBp from 3,700 GBp at Citi
- Bunzl plc: Strategic Acquisitions Amid North American Challenges Justify Hold Rating
- Bunzl downgraded to Hold from Add at Peel Hunt
- Bunzl price target lowered to 3,100 GBp from 3,650 GBp at Barclays
- Bunzl price target lowered to 2,600 GBp from 3,550 GBp at RBC Capital