Deutsche Bank Downgrades RS Group to 'Hold' Amid Uncertain Industrial Recovery Outlook
Deutsche Bank downgraded RS Group from 'buy' to 'hold' and reduced its price target from 800p to 700p, citing concerns over the industrial recovery outlook. RS Group's shares fell nearly 3% following the downgrade, with the stock trading at 571.5p. The downgrade comes after the company's March update disappointed on second-half LFL growth and regional weakness in Mexico.
Tickers: $DB
Topics: analyst report Deutsche Bank industrial recovery PMI revenue growth RS Group stock downgrade