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RBC Capital downgrades AB Foods, cites pressure on Primark

By Michele Maatouk

Date: Monday 13 Apr 2026

(Sharecast News) - RBC Capital Markets downgraded Associated British Foods on Monday to 'underperform' from 'sector perform' and slashed the price target to 1,850p from 2,050p, sending shares in the Primark owner sharply lower.
The bank said that as part of its more cautious view on the European retailing sector, it...

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