Travis Perkins
Buy at 804p (this week 795p), recommends Citigroup. A recent trading update
from the building merchants and owner of the Wickes DIY stores proved
marginally ahead of expectations.
Trading has stabilised across the group’s merchant stores, while the retail
market has continued to enjoy a steady recovery. Cost savings continue to be
achieved, while good cash generation is helping to reduce group debt. A
medium risk buy rating has been reiterated by Citigroup.
Carpetright …
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