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You are here: Home | City and Corporate | Retail Sector - The City view

Retail Sector - The City view

Wednesday November 19th 2008

Altium Securities has moved its long-standing 'Underweight' rating on the retail sector to 'Neutral' as it believes significant further downside has already been discounted into share prices.

The broker says its move to a 'Neutral' stance does no
t signal that it expects news flow to become more positive, more that the bad news is already factored into retail sector valuations.

Altium highlights its key picks as Next with a target price of £13 and N Brown with a target of 270p. It has also initiated coverage on Halfords (Hold), Topps Tiles (Sell), JJB Sports (Sell) and Sports Direct (Sell).


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Tagged as: sector view | altium

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