UBS has downgraded Inchcape PLC (LSE:INCH), the global automotive distributor, to 'neutral' from 'buy' and cut its price target to 750p from 990p as weaker volumes cloud near-term earnings. UBS analysts Abi Bell, Rory McKenzie and Nicole Manion expect Inchcape's adjusted earnings per share estimates to fall by 2% to 7% between 2026 and 2028 as volumes, product mix and the APAC recovery prove we...
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