Whitbread stays on German bank's buy list despite Budget hit
Portfolio Pulse from
Whitbread PLC is facing increased costs due to changes in National Insurance and minimum wage from the UK Budget. Despite this, Berenberg remains positive on its medium-term prospects, slightly lowering the price target from £40 to £39.
December 11, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Whitbread PLC is expected to face increased costs due to UK Budget changes, but Berenberg maintains a positive outlook, slightly lowering the price target.
The UK Budget changes will increase costs for Whitbread, impacting its short-term financials. However, Berenberg's maintained buy rating and slight price target adjustment indicate confidence in its medium-term prospects, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80