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Broker recommends Kingfisher

Kingfisher was started with ' 'buy' rating at MF Global last week as UBS rates the retail group Kingfisher a 'buy'. The broker raised its target price from 285p to 310p ahead of Kingfisher’s first-quarter results, next week on 2nd June. UBS expects Kingfisher to report profits of £180m, 23% ahead of last year and see's the B&Q, Castorama and Screwfix owners margins improving though the year.

Source : UK City Media

24 May 2011
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