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Ashtead Technology downgraded by RBC after profit warning and lowered full-year guidance

Market News
03 Sep 2026
Proactive Investors
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Bearish
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RBC Capital downgraded Ashtead Technology Holdings PLC to 'sector perform' from 'outperform' and cut its price target from £5.60 to £4.00 following a profit warning. The company lowered its full-year revenue and earnings guidance after results fell below expectations, citing ongoing instability in the Middle East and project delays. First-half revenue rose slightly, but earnings and margins declined. Despite reduced net debt and leverage, the shares traded below the new price target, reflecting investor caution.

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Canaccord lowers Gold.com's price target despite strong FY26 growth, citing weak Q4 results.

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Smucker CFO sells 18,482 shares worth $2.4 million

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Berenberg starts 'Buy' on Prudential with 44% upside and strong H1 2026 results

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Barclays keeps Overweight on NetApp, lifts price target to $219 on strong cloud shift and earnings.

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