Morgan Stanley cuts Royal Mail target price, says valuation "too generous"

Related Articles

New parking rules for drivers who pay and display kick in from Monday – Birmingham Live

42 mins ago

Meghan Markle shares ANOTHER glimpse of Prince Archie’s voice as they water the garden together – as royal fans gush ‘he’s so grown up’ now

1 hour ago

New parking rules for drivers who pay and display kick in from Monday

2 hours ago

Morgan Stanley has noted "continued operational risk" at Royal Mail, as it maintained its 'underweight' rating on the postal delivery group. The bank cut its target price for the shares from 350p to 340p on Tuesday, dragging the shares down 3.6% to 431.8p by 10:36.

More: continued here