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

The City view - Carpetright

Monday March 30th 2009

Altium Securities has upgraded its target price on Carpetright following the recent outperformance of the retail sector.

The broker has upped its target from 185p to 225p in order to
reflect the 30% outperformance of the sector during this year. However, despite the increase in the target price, Altium still believes Carpetright shares are expensively valued on the basis that there is likely to be further difficulties ahead for retailers.

It therefore retains its 'Sell' recommendation on the Carpetright, which currently trades at 410.25p following the 1.3% increase in early trading today (March 30).


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