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Marks & Spencer: UBS raises target price

( - UBS is still Neutral on Marks & Spencer shares, although has raised its target price for them from 120p to 200p.

The broker says that the change is motivated by "Detailed UBS Evidence Lab based metrics metrics analysis and strong results".

For 2024, modest sales growth is expected by the group, driven by omnichannel, as well as the benefits of the shop rotation plan which is accelerating, M&S says.

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