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Goldman Sachs downgraded its stance on shares of Next to ‘sell’ from ‘neutral’ and cut the price target to 4,400p from 5,300p as it said the retailer is working hard to offset a structural shift to more intense online competition, but this is likely to result in no revenue growth post-Covid-19.
Analysts at Berenberg reiterated their 'sell' rating on supermarket giant Sainsbury's on Thursday, stating the group's recent performances provided a "selling opportunity".
Analysts at Berenberg lowered their target price on equipment rental company Ashtead from 2,000p to 1,750p on Wednesday, stating the group's recent share price performance had defied "softness" in lead indicators.
