RBC Capital downgraded DCC plc (DCCPF) to Sector Perform from Outperform with a price target of 6,500 GBp, up from 5,400 GBp, after the company received an indicative cash proposal from Energy Capital Partners and KKR. RBC sees a good chance that a deal happens.
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Read More on DCCPF:
- DCC Director Lily Liu to Become CFO of Umicore
- DCC Rejects £58-a-Share Approach From Energy Capital Partners and KKR
- DCC Confirms Indicative Takeover Approach From ECP–KKR Consortium
- DCC plc upgraded to Outperform from Neutral at BNP Paribas
- DCC Updates Share Capital and Voting Rights for Regulatory Disclosures
