Citi stays cautious on Trent despite revenue strength
In short
Citi said it still has a cautious view on Trent. It pointed to weak revenue per square feet, more competition, possible cannibalization, and margin pressure from input cost inflation.
This matters because it can weigh on investor sentiment even after a strong revenue update. The reporting does not say if Citi changed its rating or gave a new target price.
What the reporting says
Citi kept a cautious view on Trent, citing weak revenue per square feet, increasing competition, possible cannibalization, and margin risk from input cost inflation. The available reporting does not specify a new target price or whether the bank changed its formal rating in this snippet, only that it remains cautious. The immediate consequence is a negative broker tone despite the stronger revenue backdrop mentioned in the headline.
Why it matters
Citi said it remains cautious on Trent because revenue per square feet is still weak, competition is rising, cannibalization may be affecting the business, and input cost inflation could hurt margins. That view suggests the broker is not fully convinced by the growth story despite the revenue strength mentioned in the headline. The reporting does not state a new price target or a rating change.