Brokers note - Kingfisher
The broker is also increasing its target price on Kingfisher from 250p to 270p, which compares with an underlying share price of 220p, based on the view that it trades on a little over 16x earnings for this year. With the prospects for further upgrading on the back of improvements in both B&Q and China, Pali International re-iterates its 'Buy' recommendation on Kingfisher.
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