Broker Recommendations

BofA ML downgrades Phoenix Group to 'neutral'

By Michele Maatouk

Date: Thursday 29 May 2025

(Sharecast News) - Bank of America Merrill Lynch downgraded Phoenix Group on Thursday to 'neutral' form 'buy'.
It said the shares have returned 32% year-to-date and it now only sees 13% total return potential, hence the downgrade.

The bank said Phoenix's new chief financial officer addressed its key issue -...

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