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UBS downgrades Inchcape as weaker volumes cloud near-term outlook
UBS has downgraded Inchcape PLC (LSE:INCH), the global automotive distributor, to 'neutral' from 'buy' and cut its price target to 750p from 990p as weaker volumes cloud near-term earnings. UBS analysts Abi Bell, Rory McKenzie and Nicole Manion expect Inchcape's adjusted earnings per share estimates to fall by 2% to 7% between 2026 and 2028 as volumes, product mix and the APAC recovery prove weaker than expected.
Inchcape plc (IHCPF) Q2 2026 Earnings Call Transcript
Inchcape plc (IHCPF) Q2 2026 Earnings Call Transcript
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