UBS rates the fashion brand “neutral” with a target price of £15.80. The broker expects constant currency sales growth of 16.5 per cent for the quarter when the firm reports tomorrow, down from 23.7 per cent in the rest of the financial year thanks to tougher comparatives.
Deutsche Bank has a “hold” rating on the department store with a target price of 85p. Debenhams should confirm its strong performance for its first half when it reports on Thursday, the broker reckons, in spite of consumer headwinds. It is forecasting broadly flat headline pre-tax profits of £132.9m.
DAILY MAIL & GENERAL TRUST
Investec rates the media group “buy” and has a target price of 578p. The broker thinks DMGT’s shares look attractive ahead of a pre-close update due on Wednesday, with some lag in its share price compared to its peers. However, a re-rating is unlikely unless the firm shakes up its portfolio.