Kingfisher price target lowered to 270 GBp from 296 GBp at Jefferies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
0mins
Should l Buy ?
Source: Business Insider
Price Target Adjustment: Jefferies has reduced Kingfisher's price target from 296 GBp to 270 GBp while maintaining a Hold rating due to disappointing Q3 results and lowered profit guidance for FY25.
Market Concerns: The analyst expressed caution regarding the near-term recovery, especially in France, citing a weak macroeconomic environment and ongoing competitive challenges.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
