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Jefferies has restarted coverage on the food maker with a “buy” rating and 90p target. The broker thinks fears of a grocery price war are overdone and believes the company can weather the pressure to deliver on its 2014 forecasts.
Barclays has lifted its rating on the holiday firm to “overweight” and more than doubled its target from 100p to 230p. The broker is pleased with Thomas Cook’s turnaround and expects a return to dividend in 2016.