MARKET TALK: Collins Stewart Ups Wm Morrison To Buy From Hold

6th Jul 2010 11:24

1024 GMT [Dow Jones] Collins Stewart upgrades Wm. Morrison (MRW.LN) to buy from hold and raises price target to 300p from 277p. Notes Morrison is now one of the cheapest European food retail stocks, at an almost 10% discount to the sector. Thinks this is unjustified given the earnings growth potential, the strength of the balance sheet and the strategic opportunities that will be available to the new CEO in early September. Shares +2.8% at 275p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 06, 2010 06:24 ET (10:24 GMT)