WM Morrison Supermarkets Upgraded to Buy by Cantor Fitzgerald (MRW)
WM Morrison Supermarkets (LON:MRW) was upgraded by Cantor Fitzgerald to a “buy” rating in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has a GBX 330 ($5.41) price target on the stock, up from their previous price target of GBX 229 ($3.76). Cantor Fitzgerald’s target price indicates a potential upside of 40.72% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Grupo Santander reiterated a “hold” rating on shares of WM Morrison Supermarkets in a research note to investors on Friday. They now have a GBX 275 ($4.51) price target on the stock. Separately, analysts at HSBC cut their price target on shares of WM Morrison Supermarkets from GBX 260 ($4.26) to GBX 200 ($3.28) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Finally, analysts at Nomura cut their price target on shares of WM Morrison Supermarkets from GBX 360 ($5.90) to GBX 280 ($4.59) in a research note to investors on Friday. They now have a “buy” rating on the stock. Fifteen investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 264.30 ($4.33).
Wm Morrison Supermarkets PLC is a food retailer. As of January 29, 2012, the Company had 475 stores across Britain, ranging in size from 3,000 to over 40,000 square feet.
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