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M&S shares continue to climb on bank's 'buy' recommendation
Evening Standard
|February 03, 2023
MARKET ROUND-UP
REJUVENATED Marks & Spencer shares remained in fashion today after a leading City bank backed the High Street chain to continue its revival during 2023.
Alongside an updated “buy” recommendation for M&S, Deutsche Bank’s report on European retail favours Primark owner AB Foods and B&M European Value Retail as the pair look set to capture sales from consumers trading down.
The bank is less keen on B&Q owner Kingfisher, which it downgraded on expectations that a weaker housing market and higher interest rates will reduce project spend.
Dit verhaal komt uit de February 03, 2023-editie van Evening Standard.
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