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Posted by
Two Blokes Apr 25 -
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Stock
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Deutsche Bank has lowered its rating on Inchcape PLC (LSE:INCH) from 'buy' to 'hold' and cut its price target from 1000p to 800p, citing a sluggish start to the year for the car dealer and macroeconomic uncertainty across key markets. In a note to clients, analyst David Brockton said first-quarter revenue fell 8% on a reported basis and 5% organically, a steeper decline than the 1% dip seen in the final quarter of 2024.
