Jefferies upgraded Marks & Spencer to Buy from Hold with an unchanged price target of 310 GBp. The firm’s UK consumer cash flow model shows a consumer with “substantial disposable income recovery” over the next year, with fiscal fiscal 2024 and 2025 growth of 7% as rising wages and sinking energy costs offset incremental pressures from housing. The analyst sees an upbeat consumer environment fully translating into a supportive clothing retail market.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAKSY: