UBS raises Marks & Spencer target price to 465p on online margin upside

Impact · against what's priced in

MKS sees a modest positive catalyst from UBS's higher online margin targets and improved operational systems for the winter range. GELN gains significant momentum from a new proof-of-concept agreement with a top-five global automotive OEM.

GELN+0.70

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In context

The company has entered a co-funded proof-of-concept agreement with a top-five global automotive OEM to evaluate its nano-encapsulated sulfur cathode active material.

Read from the article alone

• earnings
• retail
• GELN
• MKS
• consumer
• ecommerce
• ftse 100
• margins
• price target

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