Shaftesbury Capital downgraded to Hold from Buy at Stifel

Stifel analyst John Cahill downgraded Shaftesbury Capital to Hold from Buy with a price target of 160 GBp, down from 175 GBp. Shaftesbury’s shares have risen 43% since last October’s low, outperforming the EPRA UK REIT Index by an “impressive” 22 percentage points over that time, notes the firm, which thinks the shares will “pause around the current level.”