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HSBC has kept its “overweight” rating on the online fashion store and hiked its target from 4,380p to 7,160p ahead of full-year results on Wednesday. The broker moved its target after changing its value measure to enterprise value and sales growth.
Peel Hunt has a “hold” recommendation on the retailer with a target of 100p, ahead of full-year figures on Thursday. The broker predicts pre-tax profits of £155m but thinks investors should focus on pension changes and the cost implications of online growth.
UBS has cut its rating from “buy” to “neutral” and kept its target at 590p in advance of the IT services firm’s trading update on Wednesday. The broker says trading in France will be closely-watched, with a possible restructuring on the cards, though UK sales should be strong.