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Barclays has reiterated its “overweight” rating and raised its target price by seven per cent to 515p after the group issued a positive trading update last week saying it had gained market share across its geographies. The broker rates Dixons Carphone as the top pick in the sector.
Canaccord Genuity upgraded Punch Taverns to “hold” from “sell” and placed its 55p target price under review last week ahead of the general election. The broker said that under a Conservative government the threat of a clampdown on Market Rent Option clauses should recede.