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RHI Magnesita downgraded to Sector Perform from Outperform at RBC Capital » 14:18

RHI Magnesita

$58.45 /

+ (+0.00%)

RBC Capital analyst Mark…

RBC Capital analyst Mark Fielding downgraded RHI Magnesita to Sector Perform from Outperform with a price target of 3,700 GBp, down from 4,750 GBp. While RHI Magnesita remains "one of the cheapest" stocks in RBC's coverage and the analyst continues to see attractions in its valuation, with inflationary pressures likely to persist in the second half of this year and into the first half of next year, Fielding sees "increased uncertainty in its earnings progression."

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