Deutsche Bank upgrades Dunelm to ‘buy’ and lifts price target
Deutsche Bank upgraded Dunelm to ‘buy’ and raised its price target to 1,050p from 850p. The bank expects management to outline a revamped digital offer and increased store investment to drive accelerating earnings growth.
DB said it reckons management will outline a revamped digital offer and increased store investment to drive accelerating earnings growth as the company progresses towards 10% market share.The bank, which hiked its price target to 1,050p from 850p, said profit warnings this year have raised doubts o…