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Goldman Sachs Upgrades Bunzl To 'Neutral' After Sharp Share Decline
International Business Times·2025-10-03 12:13

Goldman Sachs has upgraded Bunzl plc (LON:BNZL) from Sell to Neutral, pointing to a more balanced risk/reward profile after a steep share price drop this year. The bank set a 12-month price target of 2,510p, implying about 5% upside from current levels, according to Reuters.Bunzl, the British distribution and outsourcing company, has seen its stock fall roughly 30% in 2025, weighed down by an April profit warning that lowered growth and margin expectations for next year. That warning was tied in part to wea ...