Dr Martens falls after Barclays cuts rating to 'underweight'

By Reuters News08:29 (UTC), 2 November 2026 Updated

** Shares of bootmaker Dr Martens DOCS.L down 4.1% at 62.9 p

** Stock among top losers on mid-caps .FTMC, which is marginally up

** Barclays cuts rating to "underweight" from "equal-weight", trims PT to 60p from 70p

** Cites subdued brand search momentum ahead of key selling quarter, macroeconomic weakness in major markets and a promotional footwear market

** Three of six analysts covering the stock have a "buy" or higher rating and 3 has "hold" ; median PT is 95p - LSEG-compiled data

**YTD, stock down about 16% vs about 9% rise in .FTMC

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