Follow up post yesterday’s profit warning. We are cutting price target to reflect lower cash etc from 230p to 188p. Retain the Buy, but clearly management needs to improve execution. Cash generation key focus going forward.
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Lowering price target
- Published:
07 Jul 2017 -
Author:
Harvey Robinson -
Pages:
3
Follow up post yesterday’s profit warning. We are cutting price target to reflect lower cash etc from 230p to 188p. Retain the Buy, but clearly management needs to improve execution. Cash generation key focus going forward.