Kepler Cheuvreux starts Marks & Spencer at ‘buy’
Marks & Spencer Group
388.90p
17:15 17/12/24
-2.19%
-8.70p
Kepler Cheuvreux initiated coverage of Marks & Spencer on Tuesday with ‘buy’ rating and 467p price target.
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17:15 17/12/24
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17:04 17/12/24
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17:14 17/12/24
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FTSE All-Share
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16:49 17/12/24
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"M&S’s share price has rallied spectacularly over the past two years," it said. However, the valuation multiples have risen little relative to its peers, Kepler said.
"Benefiting from high-quality management, we believe that M&S should continue to offer positive momentum in its two businesses, enabling the steady growth that sets it apart in the UK retail sector."