ANALYST VIEWS: ARE THE GOOD TIMES BACK FOR M&S?
Thursday 7 October 2010 8:06 pm whatsapp whatsapp Share Show Comments ▼ KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org ANALYST VIEWS: ARE THE GOOD TIMES BACK FOR M&S? FREDDIE GEORGE | SEYMOUR PIERCEWe are reiterating our ‘buy’ recommendation on the stock. First, the trading update does indeed indicate that general merchandise now has real momentum … while M&S’s food sales have been recovering, benefiting from the introduction of a branded range.RICHARD HUNTER | HARGREAVES LANSDOWNManagement have again been careful to play down expectations in the hope of outperforming in the medium term. For the moment, though, the general market view of the shares as a ‘hold’ is unlikely to come under much pressure in either direction.SAM HART | CHARLES STANLEYWe believe M&S can continue to make steady progress. Improving sales trends in both General Merchandise and Food are encouraging and must largely be attributed to internal actions. Food gross margin has come under pressure but we would expect margin to stabilise around current levels. Tags: NULL