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JD SPORTS FASHION
N+1 Singer has chosen the sports retailer as one of its 2014 top picks, giving the company a buy rating and a target of 1,700p. The broker thinks the firm could expand in Europe, and has faith the new management team will improve under-performing divisions such as outdoor.
The fashion retailer’s unexpectedly positive Christmas trading update has led Cantor Fitzgerald to increase the stock’s target from 5,200p to 6,500p, with a buy rating, up from hold. The broker is impressed by Next’s online sales and potential for growth overseas.