(Sharecast News) - Analysts at Liberum lowered their target price on shares of National Express in anticipation of a more gradual earnings recovery through to 2023.
In particular, they believed that some caution was required due to the competitive pressures in the group's long-distance coach segment
However, they remained "confident" that public transport activity would rebound fully as the pandemic eased.
They also thought the company was well-positioned to benefit from long-term industry growth on the back of decarbonisation.
All told, they lowered their target price from 340.0p to 310.0p, but kept their recommendation at 'buy'.
21 Sep 2021 08:52
UPDATE 2-European shares recover from worst session in two months; UMG soars in debut
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