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SFOR — S4 Capital News Story

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Consumer CyclicalsHighly SpeculativeSmall CapNeutral

S4 Capital hits record low after forecast cut, Peel Hunt trims TP

** Shares of Martin Sorrell's ad group S4 Capital SFOR.L fall as much as 14% to 19.48p, hitting an all-time low

** Company expects annual like-for-like net revenue to decline by mid-single digits, versus prior forecast of low-single-digit fall

** Peel Hunt cuts target price to 25p from 30p, but maintains its "hold" rating

** "We believe top line will need to return to consistent positive trajectory and margins will need to improve further for a re-rating," Peel Hunt says

** Two of seven brokerages rate the stock "buy" or higher, while five rate it "hold" with median PT of 37.96p - data compiled by LSEG

** As of last close, S4 Capital stock down ~31% YTD

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))

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