This should also begin to translate into a rebuilding UK pipeline," the analysts say. Liberum rates the stock buy and raises its target price to 4,580 pence from 3,990 pence. Peel Hunt raises its rating to buy from add and its target price to 85 pence, from 50 pence. The Stoxx Europe 600 drops 0.7%, the FTSE 100 retreats 0.8%, the CAC 40 backtracks 0.6% and the DAX slips 0.2%. Given the better mix posted for the quarter, Citi analysts expect low single-digit consensus upgrades to management-fee earnings.

Source: Wall Street Journal October 19, 2023 16:21 UTC