UK's Frasers falls after RBC downgrades to 'sector perform'

Frasers

03/11/2025 08:55

** Shares of British sportswear and fashion retailer Frasers FRAS.L fall nearly 2% to 714p

** RBC Capital Markets downgrades stock to 'sector perform' rating from 'outperform,' citing limited liquidity as a key reason co's valuation is likely to remain suppressed

** Brokerage raises PT to 800p from 775p, which represents a 9.7% upside to the stock's last close

** Think AI is being used across the business, but not that extensively, and also expect FRAS to integrate AI more across its channels and to drive more personalization for its customers - RBC

** Average rating of seven analysts is "hold"; median PT 760p - data compiled by LSEG

** As of last close, co is up nearly 18% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))