Next: Credit Suisse slashes target price
(CercleFinance.com) - Credit Suisse analysts have said that they are maintaining a neutral rating on the share of British clothing company, Next, while slashing their corresponding target price from 6,800 pence to 4,300 pence.
"Following the lockdown and news that the online platform will be closed for the foreseeable future, we are cutting EPS forecasts for the next 2 years by 55% and 16%, respectively," they said.
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