Shares in Hargreaves Lansdown fell almost 3% today after RBS downgraded the business from 'hold' to 'sell'.
The distribution business' shares dropped 12.9p to 433.4p, a fall of 2.89%, following the downgrade. The broker note from RBS said: "[With] revenue margins facing potential downward pressure and competition from a number of new entrants - both of which are our longer-term concerns - likely to have a more significant impact on the stock's outlook ...
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