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Broker spotlight - M&S, Burberry, Hargreaves Lansdown, Zoopla

Broker spotlight - M&S, Burberry, Hargreaves Lansdown, Zoopla

Analysts topped up their targets for Marks & Spencer (LON:MKS) this morning after the retailer’s full-year results on Wednesday.

The figures were pleasing from the high street giant and Marc Bolland’s outlook was confident, as Jefferies noted.

“We believe M&S is still fundamentally in the early stages of a multi-year recovery,” said the broker, which raised its share target price by 35p to 660p

Barclays joined in and scrapped its ‘underweight’ rating on M&S and lifted its target price by a hefty 210p to 600p. 

Share in M&S were changing hands for 587p apiece at the time of writing.

Burberry (LON:BRBY) remains in fashion with RBC Capital Markets, despite yesterday’s cautious outlook from chief executive Christopher Bailey.

However, the broker did knock 50p off is 1900p share price target.

“We like Burberry's leadership in digital, outwear and scarves,” RBC said.  

“But 2016 is shaping up to be another year of pedestrian earnings growth for Burberry, which should put a lid on the shares.”

Nomura nudged up its target for Zoopla (LON:ZPLA) shares by 35p to 285p.

The online estate agent Zoopla (LON:ZPLA) yesterday reported record revenues in the first half of the year.

However, it noted said it had experienced a membership slide due to increased competition from new rival OnTheMarket.com.

JP Morgan stayed ‘neutral’ on Hargreaves Lansdown (LON:HL.) after Wednesday’s results from the financial services firm, which showed profits were 0.2% lower, despite record net inflows of £2.75bn.

The broker added 50p onto its original 1050p target price for Hargreaves shares. 

 

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