Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …
Read More »FTSE 250 movers: AG Barr fizzes higher; Avast dented by Peel Hunt note
London’s FTSE 250 was up 0.7% at 21,459.06 in afternoon trade on Tuesday. Irn-Bru maker AG Barr was the standout perform as it said full-year adjusted profit before tax was expected to be at the top end of current market expectations, “just ahead” of £37m. Revenue for the period was …
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