UBS upgraded its stance on Next on Friday to ‘buy’ from ‘neutral’ and lifted the price target to 11,700p from 10,500p.
Source: Sharecast
The bank said the fashion and homeware retailer was at an "inflection point" as far as growth and valuation are concerned.
It said that Next was a "safe haven" in an uncertain consumer landscape.
UBS lifted its FY27/FY28 pre-tax profit estimates by 1% and earnings per share by 3%/6%.
At 1355 GMT, the shares were up 2.9% at 10,058.87p.
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.