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Jefferies cites weight-loss drugs as it downgrades Greggs; shares slide

By Michele Maatouk

Date: Monday 09 Feb 2026

(Sharecast News) - Greggs shares slid on Monday after Jefferies downgraded the stock to 'hold' from 'buy' and slashed the price target to 1,610p from 2,500p as it said weight-loss jabs could dent demand for the bakery chain's products.
Jefferies noted that Greggs has faced a prolonged slowdown, with like-for-like sales...

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