CUT-PRICE stocks in the retail sector drew buying interest today amid hopes the worst of the expected sales downturn is now reflected in current valuations.
Primark owner Associated British Foods led the way after Goldman Sachs removed its “sell” recommendation and raised its target price by 30% to 1900p.
The shares, which hit a low of 1223p in the aftermath of September’s miniBudget, rallied by more than 3% or 51p to 1638.5p at the top of the FTSE 100 index risers board.
Bu hikaye Evening Standard dergisinin December 02, 2022 sayısından alınmıştır.
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Bu hikaye Evening Standard dergisinin December 02, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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