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Deutsche Bank downgrades Man Group as shares catch up with recovery

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Deutsche Bank downgraded Man Group PLC to Hold from Buy after a strong share-price run, saying the stock is now "up with events." The bank lifted its price target to 310p from 295p, modestly above the last close of 296.60p. The change is a cautious call rather than a fundamental negative, but it may temper near-term upside expectations.

Analysis

Deutsche Bank downgraded Man Group PLC to Hold from Buy after a strong share-price run, saying the stock is now "up with events." The bank lifted its price target to 310p from 295p, modestly above the last close of 296.60p. The change is a cautious call rather than a fundamental negative, but it may temper near-term upside expectations.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

DB0.00

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