(Sharecast News) - Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to 'neutral' from 'underweight'.
It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt.
"The CWU negotiations appear to be the main ongoing concern," it said.
The bank said it has increased its forecasts "materially", as it lifted its price target to 253p from 145p.
13 Oct 2022 07:50
LONDON BRIEFING: Entain looks to World Cup; easyJet revenue improves
(Alliance News) - Stocks in London were called lower on Thursday as investors look ahead to an afternoon which may deliver the final nail in the coffi...