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Fly News Breaks for November 7, 2017
ASBFY
Nov 7, 2017 | 16:40 EDT
Goldman Sachs analyst Richard Edwards downgraded Associated British Foods to Neutral from Buy after cutting his Sugar EBIT to reflect the lower EU sugar price and lowering his currency-neutral Primark revenue growth forecast due to expectations for a return to cannibalization in Europe. He lowered his price target on the stock to 3,400p from 3,585p.
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