Analyst sees Royal Mail share price sinking further

From IFA Magazine:

Royal Mail Group’s (RMG) stock was dented on Tuesday by comments from Credit Suisse, which said it sees ‘no near-term positive catalysts’ for the postal company.

The bank slashed its target price for the shares from 460p to 360p as it kept an ‘underperform’ recommendation, saying that RMG’s margin targets this year ‘will be difficult to achieve’.

Read more: Ifa Magazine Broker tips: Royal Mail, Meggitt, Intertek, Imagination » Ifa Magazine.