Broker Recommendations

RBC Capital downgrades Primark owner AB Foods

By Michele Maatouk

Date: Wednesday 14 May 2025

(Sharecast News) - RBC Capital Markets downgraded Primark owner Associated British Foods on Wednesday to 'sector perform' from 'outperform'.
"We see potential for Primark to continue to take share on account of its space expansion, and its gross margin outlook looks encouraging," the bank said,

"But our surveys suggest that...

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