Broker Tips
Broker tips: Next, Civitas
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.
Berenberg nudges up target price on Civitas
Analysts at Berenberg raised their target price on shares of real estate investment trust Civitas Social Housing from 100. 0p to 115. 0p on Friday, stating the group's diversification would enhance its earnings profile.
Friday broker round-up
Next: Goldman Sachs downgrades to sell with a target price of 4,400. 0p.
Next slumps on Goldman Sachs downgrade
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.