Marks & Spencer: stock up on broker comments
(CercleFinance.com) - Marks & Spencer is up around 1% in afternoon trading on Friday, outperforming the FTSE (-0.
3%) in London, benefiting comments from Credit Suisse, which reiterated its "outperform" rating on the share, along with its target price of 125 pence for the British retail stock.
"FY results reassured on the balance sheet, Food and International businesses, which we believe is sufficient with the shares at these levels," the broker said, which thinks that the shar is "undervalued," even with an expected provision for restructuring.
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