JPMorgan upgraded Bunzl to Overweight from Neutral with a price target of 3,375 GBp, up from 3,250 GBp. The analyst also places Bunzl on "Positive Catalyst Watch" into the Q1 trading statement on April 26. The firm sees continued pricing tailwinds, "record low" leverage and a reasonable valuation at current share levels.
Published first on TheFly
