Deutsche Bank cuts PT to 35p from 40p03 Jul 2020 10:07
** Shares of luxury carmaker Aston Martin AML.L biggest
decliner in the FTSE mid-cap index .FTMC , down as much as 6.5%
to 46.5p
** Deutsche Bank cuts PT to 35p from 40p, maintains "hold"
rating
** Brokerage expects Q2 wholesale volumes to drop on the
back of dealer closures and late reopenings of stores and sees
revenue to fall more than 70%
** Aston Martin last week said it would issue new shares
worth up to 20% of its existing equity capital to raise fund,
while also warned its retail sales and wholesales would fall
further in Q2 compared with Q1 urn:newsml:reuters.com:*:nL4N2E319U
** Co is scheduled to report Q2 results on July 29
** Shares hit their lowest since May 27
** AML down 70% this year, as of last close
