SSE: RBC Capital Markets downgrades to sector perform with a target price of 1,350p.
Footasylum: Peel Hunt downgrades to reduce with a target price of 190p.
Debenhams has warned that annual profit will be at least 20% less than market expectations as the department store chain faces weak consumer spending and discounting by competitors.
(WebFG News) - Esure: Peel Hunt upgrades to buy with a target price of 300p.
(WebFG News) - Analysts at Canaccord Genuity stood by their 'hold' recommendation for Debenhams on Thursday, despite the multiple 'red flags' for the company as a result of its high operational, financial and seasonal gearing.
Hammerson: Jefferies upgrades to hold with a target price of 540p.
Debenhams profits plunged 85% in the first half of its financial year as like-for-like sales slipped amid the "challenging UK market background" and heavy snow, while finance director jumped ship to join a department store rival.
With wage growth in Britain now finally outpacing price rises, on Thursday we'll learn whether Britons are splashing out on purchases or not.
Debenhams is negotiating to rent out space in its flagship department store to hot-desking company WeWork in a move to save costs.
Sports Direct talked about "huge value" combining online functions with Debenhams rather than takeovers as the Mike Ashley-run sports retailer upped its stake in the department store group to 29.7%.
Toys R Us went into administration on Wednesday after failing to secure a rescue deal, while electronics retailer Maplin collapsed as talks with a potential buyer broke down.
Department store group Debenhams will cut a quarter of store management roles as accelerates its restructuring plans amid the highly challenging UK retail market.
Like the day before, it was some of the more defensive issues in the market that bore the brunt of selling despite the rout in equities worldwide, with recent slight shifts in expectations for policy tightening by the Federal Reserve in 2018 apparently triggering a sharp rise in stockmarket volatility as government bonds markets in the US, and elsewhere, came under pressure.
Debenhams has pledged to accelerate its restructuring plans after issuing the first profit warning of 2018 as sales fell and "tactical promotional action" misfired in the department store group's crucial festive period.
Debenhams is likely to be forced to cut the dividend it pays to shareholders after the department store chain lowered its full year profit guidance due to poor trading over Christmas.
Vectura Group: RBC upgrades to Sector Perform with a target price of 450p.
Debenhams got a boost on Thursday as Investec upgraded its stance on the stock to 'hold' from 'sell' following a drop in the share price.
With the domestically-focused FTSE 250 having rallied to a near multi-decade price-to-earnings high, Liberum said on Monday that it now prefers the internationally-exposed top-flight index.
London stocks closed marginally lower on Wednesday even as the pound fell despite better-than-expected manufacturing data, which underpinned expectations of a rate hike tomorrow by the Bank of England.
Debenhams was under the cosh on Wednesday as Liberum downgraded its stance on the department store chain to 'sell' from 'hold' and cut the price target to 40p from 58p as it revisited the investment case following the group's prelims.