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Berenberg Bank initiated coverage of the property portal with a “buy” rating and a target price of 250p. It believes that the disturbance to Zoopla from new competitor, Agents Mutual, will only be short-term, and could create a buying opportunity for Zoopla.
Jeffries initiated coverage of DFS, with a “Buy” rating and a target price of 330p. Investments in manufacturing, brand marketing and a fully integrated multi-channel offer by the furniture retail leave it very well placed to take advantage of an upturn in big ticket consumer spending.