Analyst cuts KMD Brands target price by 70%
‘We see a growing list of hurdles that KMD must overcome in order to regain investor confidence from here,’ Craigs analyst says.
A Kathmandu store.
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Craigs Investment Partners has reduced its target price for KMD Brands, and says it is “underwhelmed” by management’s lack of urgency and limited transparency.
In the firm’s latest report, Craigs analyst Kieran Carling lowered his recommendation to 'underweight' from a 'neutral' rating.
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