Hargreaves Lansdown downgraded to Sell from Neutral at Citi

Citi analyst Andrew Lowe downgraded Hargreaves Lansdown to Sell from Neutral with a 730 GBp price target. The analyst says the growth opportunity for the investment platforms is "large and secular." However, business models are diverse, investment cases nuanced and investor opinion often polarized, the analyst tells investors in a research note. Citi says this "increases scope for bottom-up stock-picking."