Dunelm Group upgraded to Hold from Underperform at Jefferies

Jefferies analyst Andrew Wade upgraded Dunelm Group to Hold from Underperform with a price target of 1,250 GBp, up from 560 GBp. The analyst says that under the leadership of Nick Wilkinson, the business has made "impressive operational progress." However, the firm expects the company’s growth to slow and sees limited valuation upside.