M&S Up, Pheonix Slides, Ryanair Falls
On this episode of Stock Movers:
- M&S shares rise as much as 3.4%, the most in nearly three weeks, after Citi upgraded the British retailer to buy. Analysts cite “an attractive entry point” with the stock trading around 18% below levels before a cyberattack derailed operations earlier this year.
- Phoenix Group reported operating profit for the first half-year that beat the average analyst estimate. The firm will change its name to Standard Life next year as the UK-listed pensions provider looks to boost its appeal to British savers and companies.
- Ryanair shares drop as much as 2.3%, to the lowest since July 18, after Goldman Sachs cuts the stock to neutral from buy, saying previous catalysts have played out.
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