CITY & CORPORATE
Brokers note - Debenhams
5 June 2009 | by The Retail Bulletin
The broker says the impressive numbers will have led to more upgr
ades for the group and that the fundraising will result in a transformation of both the company's balance sheet and shareholder register.Singer Capital has upgraded its forecasts by 8% and suggests there could be more scope for increases in H2. It regards Debenhams as a stand-out in the retail sector and has a price target of 95p, which compares with an underlying share price of 87p following the 1% fall in early trading today (June 5).
