RBC downgrades Close Brothers and slashes price target on motor finance delay
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Close Brothers is facing challenges related to its motor finance business, with some analysts expressing concerns about the impact on the company's performance. However, there are differing views on the severity of the issue, with some analysts considering the concerns to be overdone and upgrading the company's outlook. The company is reportedly planning job cuts as it works to address the challenges and achieve restructuring savings.
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