Primark Owner Has Most Sell Ratings in Decade After Goldman Cut
A shopper with a bag from a Primark fashion store in London.
Photographer: Chris Ratcliffe/BloombergStock-market pessimism toward Associated British Foods Plc has hit a decade-high as concerns stack up over the UK conglomerate’s Primark fashion chain.
Analysts from Goldman Sachs Group Inc. and Bernstein cut their recommendations on the shares Monday to leave AB Foods with five sell ratings — the most since December 2015, according to data compiled by Bloomberg. Morgan Stanley, Citigroup Inc. and Jefferies hold similar views.