Davy upgrades Made.com to 'outperform', shares rally
Made.com Group
0.52p
16:39 01/11/22
0.00%
0.00p
Shares of Made.com rallied on Tuesday after Davy upgraded its stance on the furniture retailer to ‘outperform’, citing sale potential.
FTSE All-Share
4,391.05
08:15 14/11/24
n/a
n/a
FTSE Small Cap
6,742.06
08:15 14/11/24
n/a
n/a
Household Goods & Home Construction
11,236.83
08:15 14/11/24
-0.32%
-36.36
Davy lifted its recommendation on the shares from ‘neutral’, arguing that the company is a target for a trade sale.
Davy said a capital raise seems less likely than a sale, which is an outcome pre-IPO shareholders will likely make a push toward.
Davy maintained its 30p price target on the shares, which by 1255 BST, were trading up 11.5% at 8.81p.