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HOW ENCOURAGING ARE THE EARLY PROFIT FIGURES FROM KINGFISHER?

<strong>NICK BUBB </strong>PALI INTERNATIONAL<br /><br />&ldquo;Next year may well be a big disappointment to fans of the &lsquo;V-shaped&rsquo; recovery in the UK, but Kingfisher has a proven track record, balance sheet and self-help programme. We think it&rsquo;s safe to push up our target price from 250p to 270p, given further upgrade potential on B&amp;Q.&rdquo;<br /><br /><strong>MATTHEW MCEACHRAN </strong> SINGER CAPITAL MARKETS<br /><br />&ldquo;We believe many factors behind the strong trading update are continuing in nature and not necessarily one-off or driven by the seasonal trading conditions. The BRC and BDO surveys confirm housing activity is picking up, and this is yet to feed through to the group&rsquo;s trading performance.&rdquo;<br /><br /><strong>DAVID JEARY </strong> INVESTEC SECURITIES<br /><br />'&rdquo;While unfortunate in the nature of disclosure, the good news being disclosed can&rsquo;t be disguised and has merely arrived a few days early. We expect full-year pre-tax profit to move up around 10 per cent from the current estimate, underpinning our view of an increase in the dividend.&rdquo;