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Shore Capital has initiated coverage with a “Buy” rating and a target price of 73p. Shore thinks Boohoo is one of the cheapest stocks in the high growth online fashion retail sector, with upside potential and a sourcing model providing unrivalled level of flexibility in supply chain.
Berenberg has upgraded to “Buy” from “Hold”, raising the target price to 3,650p from 2,900p. The broker thinks relative underperformance so far this year will reverse in the second half, with Johnson Matthey’s dominant positions in most of its markets generating premium returns.
UBS has upgraded to “Neutral” from “Sell”, and upped the target price to 340p from 320p. The broker thinks while shares have underperformed before a trading update due 30 September, if there is positive news in the update as some data suggests then shares could bounce hard.