Cookson rating cut

On 26 April Deutsche Bank said it had downgraded its recommendation on British specialist materials firm Cookson Group Plc to “market perform“ from “buy“ as it cut its earnings forecasts for the c…

On 26 April Deutsche Bank said it had downgraded its recommendation on British specialist materials firm Cookson Group Plc to “market perform“ from “buy“ as it cut its earnings forecasts for the company. Deutsche said in a research note “there was little of surprise“ in quarterly trading statement released by Cookson on 25 April, but it said there was “uncertainty on the timing of recovery“. The bank cut its earnings forecasts on Cookson by 40% this year and approximately 15% in the succeeding two years.