0859 GMT - Aston Martin investors face the prospect of another tough first six months of the year, with the promise it will all come good in the second half, HSBC analysts write. "Against an uncertain backdrop, we believe that is a tough pitch." HSBC says the company's plan to reduce dealer inventory, especially of older stock, makes good sense as it should aid visibility and pricing, and the resulting pain in the first six months may be necessary medicine. Getting the house in order makes 2025 a transition year, which is unlikely to sit well in a nervous market with a very uncertain macro backdrop, it adds. HSBC lowers its target price to 79 pence from 110 pence and maintains its hold rating. Shares fall 2.2% to 67.20 pence. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 28, 2025 04:59 ET (08:59 GMT)
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