(Sharecast News) - UBS downgraded its rating on SSP on Tuesday, sending shares in the Upper Crust and Millie's Cookies owner tumbling.
The stock was cut to 'neutral' from 'buy' and the price target slashed to 180p from 245p as UBS cited persisting uncertainty and a worsening capacity outlook.
"Risks to volumes in the travel retail industry linked to the Middle East conflict are increasing," the bank said.
SSP, an operator of food and beverage outlets in travel locations, also owns Ritazza and Le Grand Comptoir, among other brands.
At 1458 BST, the shares were down 6.7% at 164.80p.
Broker Recommendations

(Sharecast News) - Morgan Stanley reiterated its 'underweight' rating on PageGroup on Tuesday and slashed the price target, as it "neutralised" its ra...


(Sharecast News) - Shore Capital upgraded On the Beach on Tuesday to 'buy' from 'hold' as it said risk was now priced in.


(Sharecast News) - Berenberg initiated coverage of advertising companies WPP, Publicis and Havas on Tuesday with 'buy' ratings.


(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:


(Alliance News) - SSP Group PLC on Tuesday reported a return to profit in its first half and reaffirmed full-year targets, whilst noting uncertainty i...


* Like-for-like sales growth slowed to 3% in early H2


(Sharecast News) - Travel food outlet operator SSP Group posted a 3% rise in like for like sales in the first six weeks of the second half, despite a ...


(Alliance News) - The FTSE 100 nudged higher on Tuesday as investors weighed the Middle East crisis and reports that OpenAI has missed internal target...


(Sharecast News) - UBS downgraded its rating on SSP on Tuesday, sending shares in the Upper Crust and Millie's Cookies owner tumbling.