JPMorgan cuts Inchcape to 'neutral', places on 'negative catalyst watch'
Inchcape
670.00p
16:49 31/03/25
-3.60%
-25.00p
Inchcape tumbled on Thursday as JPMorgan Cazenove downgrades shares of the car dealership to ‘neutral’ from ‘overweight’ and slashed the price target to 800p from 1,050p.
FTSE 250
19,475.48
16:49 31/03/25
n/a
n/a
FTSE 350
4,675.03
16:49 31/03/25
n/a
n/a
FTSE All-Share
4,623.62
17:14 31/03/25
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General Retailers
4,478.63
16:49 31/03/25
-0.35%
-15.79
The bank also placed the shares on "negative catalyst watch" and said investors should "prepare for increased volatility ahead".
At 1220 GMT, the shares were down 11% at 668p.