While Pets at Home may have some bark, it has arguably lost its bite, with Peel Hunt downgrading its target price from 475p to 400p. The broker said that whilst it is still a "strong market leader in a growing industry", the profit progress is expected to be less robust. They warned that currency exchange and cost of living could impact the company. However, they still gave the firm a buy rating.

Peel Hunt said yesterday that whilst it rarely uses the word excellent, it applied to Strix's recent acquisition of Billi. Brokers upgraded the tech company Strix from a hold to a buy recommendation. It said its latest purchase creates value and adds to the equity narrative. As a result of this gain, Peel Hunt upped the stock's target price from 160p to 180p.

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