Upgrades by three City firms as M&S bids to reverse long-term market share declines in clothing helped get investors back on side after a pause in the stock's recent rally. The widely held investment, which stood at 93p in October, surged 4% or 5.75p to 153.8p in the FTSE 250 index following new price targets that included Goldman Sachs at 180p.
The mood elsewhere was more cautious after the rally of the past two sessions petered out to leave the FTSE 100 index down 0.2% or 14.89 points to 7521.33.
This story is from the March 22, 2023 edition of Evening Standard.
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This story is from the March 22, 2023 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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