Broker snap: Kingfisher set to take off

4th Aug 2009 11:59

Kingfisher is being returned to health and could offer more surprises over the next year, according to Singer Capital Markets in its latest review of the B&Q owner.The broker raises its price target on the stock to 235p from 215p and keeps its 'buy' rating.Singer is particularly impressed with the UK division but also sees potential upside from China and notes that things are looking better in Poland, about which it had previously been cautious.