MARKET TALK: Investec Raises JD Sports Price Target

9th Jun 2010 10:16

0916 GMT [Dow Jones] Investec Securities raises JD Sports (JD.LN) price target to 930p from 900p following the company's trading update. Says the update shows a strengthening sales trend in both divisions, together with progress in margins in the last eight weeks. Adds that online sales are continuing to show rapid rates of growth in line with the industry, with international starting to come through too. Keeps the stock at buy. Shares -0.1% at 780p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 09, 2010 05:16 ET (09:16 GMT)

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