Marks & Spencer: UBS cuts TP
(CercleFinance.com) - UBS maintains its 'buy' rating on Marks & Spencer shares, with a target price lowered from 465 pence to 450 pence, with the latter still representing 36% upside potential for the British department store chain's shares.
We believe that Marks & Spencer's high-end own brand offers protection in a more competitive sector, the broker says, which nevertheless reduces its target price by 3%, assuming lower food margins.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
We believe that Marks & Spencer's high-end own brand offers protection in a more competitive sector, the broker says, which nevertheless reduces its target price by 3%, assuming lower food margins.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.