(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'.
10 Mar 2022 18:00
FTSE 100 weighed down by banks and oil firms; Rio Tinto slumps
March 10 (Reuters) - London's FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend.
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