Morgan Stanley upgraded Marks & Spencer to Overweight from Equal Weight with a price target of 280 GBp, up from 244 GBp. The analyst says the company is “firing on all cylinders,” with market share gains coming through in both food and clothing, while management is taking out costs. The stock’s valuation is still “undemanding” and the risk/reward is skewed to the upside, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MAKSY: