Heavyweight broker JP Morgan Cazenove remains moderately bullish on Royal Mail Group PLC (LON:RMG) despite cutting its price target for the parcels delivery outfit. The rating remains “overweight” despite the price target shifting to 545p from 600p, reflecting a weak showing in the final quarter of 2016 – the group’s third quarter – in terms of mail volumes. In Cazenove’s view, the stock stand out versus its peers ahead in a market that is discounting what… Read More
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