Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to ‘buy’ from ‘neutral’ as it argued the stock is still too cheap and consensus earnings too low.
The four-day event capped a year in which the trade unions have sold out countless strikes, bringing unprecedented levels of national industrial action to almost a complete halt, with only NHS doctors still staging substantial actions.
Bank of America Merrill Lynch initiated coverage on Babcock on Monday with a ‘buy’ rating and 585p price target, implying more than 50% potential return.