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Cantor Fitzgerald reiterated its “hold’ recommendation for the British multinational home improvement retailer. The company’s plan to takeover Mr Bricolage is both bizarre and disappointing. However, the company now has a very strong balance sheet.
Panmure Gordon downgraded its “hold” recommendation for the Costa Coffee and Premier Inn owner to “sell”. “We see cracks appearing with a steep step up in competition and rising development costs,” said analyst Anna Barnfather.