THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Brokers note - Kingfisher

Bernstein Research has downgraded its recommendation on Kingfisher from 'Outperform' to 'Market Perform'.

CITY & CORPORATE

Brokers note - Kingfisher

The broker says it does not expect to see any material positive catalysts for Kingfisher in the next six months, with the shares having performed strongly relative to the market year-to-date. Bernstein prefers short-term lower quality, under-appreciated restructuring stories such as Marks & Spencer.

The broker suggests investors could take a ‘holiday’ from the stock and let the mixed home improvement short-term news flow run its course before then returning to the company to enjoy the next leg of its restructuring. Bernstein retains its target price on Kingfisher of 235p, which compares with an underlying share price of 204.9p following the 1% fall in early trading today (September 15).

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing