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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trent Shares Plunge Nearly 18% Following Bearish Analyst Commentary

  • Trent shares plunged nearly 18% following bearish analyst commentary.
  • Trent reported a 28% year-on-year increase in sales growth for the fourth quarter, a slowdown from the 37% growth seen in the previous quarter.
  • Goldman Sachs and Morgan Stanley cut their target prices for Trent, citing weaker than expected sales growth and falling short of expectations.
  • Despite the disappointing sales figures, analysts remain cautiously optimistic about Trent's long-term prospects, citing the company's strong store expansion strategy and potential benefits from recent income tax cuts.

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