Date: Thursday 03 Jul 2008
LONDON (ShareCast) - Altium Securities has double-upgraded its rating on the sports shop chain JJB Sports to ‘buy’ from ‘sell’ after the company’s share price fell heavily following Marks and Spencer’s announcement of a fall in like-for-like sales yesterday.
Price moves in the retail sector brought several stocks’ value near or lower than their price targets, Altium said.
It also upgraded the high street store Woolworths, the men’s suit store Moss Bros and the fashion chain French Connection to ‘buy’ from ‘hold’ and the outdoor equipment specialist Blacks to ‘hold’ from ‘sell’.