Inchcape

Deutsche Bank has lowered its rating on Inchcape PLC (LSE:INCH) from 'buy' to 'hold' and cut its price target from 1000p to 800p, citing a sluggish start to the year for the car dealer and macroeconomic uncertainty across key markets. In a note to clients, analyst David Brockton said first-quarter revenue fell 8% on a reported basis and 5% organically, a steeper decline than the 1% dip seen in the final quarter of 2024.» Mehr auf proactiveinvestors.co.uk

Sales will start in the second quarter of 2025 3 XPENG models will be available for Polish market: the sleek P7 sedan, the popular G9 flagship SUV, and the ultra-smart G6 coupe SUV Each model earned the prestigious Euro NCAP 5-star safety rating Poland represents the largest market for XPENG in Eastern Europe WARSAW, Poland, Feb. 27, 2025 (GLOBE NEWSWIRE) -- XPENG, a leading Chinese born high-tech and automotive company, appoints Inchcape as distributor and strategic partner for Poland. Inchcape, a global leader in automotive distribution, is responsible for the importation and distribution of XPENG-vehicles in Poland.» Mehr auf globenewswire.com

Panmure Liberum has issued an “uneasy buy” recommendation on Inchcape PLC (LSE:INCH), the car distributor, after reducing its price target from 1,220 pence to 1,000 pence. The decision follows a series of challenges affecting Inchcape's outlook, particularly foreign exchange losses and weakening performance in the Asia-Pacific and Americas regions.» Mehr auf proactiveinvestors.co.uk