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"Icarus is flying ever closer to the sun," Bank of America-Merrill Lynch's chief investment strategist said, pointing to signs of 'irrational exuberance' among investors in the investment bank's latest global survey of fund managers.
Britvic was under the cosh on Tuesday as Shore Capital cut its stance on the drinks maker to ‘hold’ from ‘buy’ ahead of its preliminary results on 29 November.
Analysts at Morgan Stanley marked down their target price for shares of Inmarsat from 760p to 620p , pointing to expected margin pressures in Government, Aviation and Central Services to justify their decision.
