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(CercleFinance.com) – Aston Martin Lagonda (AML) fell 1% in London, penalized by a recommendation downgrade at Jefferies from ‘buy’ to ‘hold’, with a price target lowered from 250 to 120 pence on the stock of the car manufacturer.
While it recognizes that ‘in his first public action, the new CEO Adrian Hallmark did not hesitate to make difficult decisions to reset ambitious objectives’, the broker ‘finds it difficult to see a scenario that does not require new equity’.
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