Broker cuts Rathbones target by 19% after profit warning

Deutsche Bank cut its price target on Rathbones Group by 19% to 1,700p from 2,100p and kept a hold rating after Tuesday's profit warning. The downgrade signals weaker earnings expectations and softer fundamentals for the wealth manager. The move is negative for sentiment, though the impact is likely limited to the individual stock rather than the broader market.

Analysis

Deutsche Bank cut its price target on Rathbones Group by 19% to 1,700p from 2,100p and kept a hold rating after Tuesday's profit warning. The downgrade signals weaker earnings expectations and softer fundamentals for the wealth manager. The move is negative for sentiment, though the impact is likely limited to the individual stock rather than the broader market.