Postal group lifted by upgrades after last week’s results
Leading shares are searching for direction at the start of the new trading week, but Royal Mail has risen sharply after positive comments about last week’s results.
Its shares are up 17.6p or 3.5% to 509.5p as analysts at RBC moved their recommendation from underperform to sector perform and lifted their target price from 445p to 525p. Meanwhile Cantor Fitzgerald issued a buy note with a forecast raised from 530p to 550p. Cantor’s Robin Byde said:
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