MARKS & SPENCER (MKS) Very Top Heavy - Short from £4.01p Oct 2005

SG Raises Marks & Spencer Fair Value

Tuesday, January 03, 2006 9:25:14 AM ET
Dow Jones Newswires



1315 GMT [Dow Jones] SG Securities raises Marks & Spencer (MKS.LN) fair value to 554p from 505p, keeps buy rating. Expects a confident 3Q trading update next week. "Sales growth and improved margins will underpin earnings momentum as we enter 2006," it says. Adds 2004 property valuation of GBP3.6B "appears conservative, given recent transactions." Shares -1% at 499.75p. (MIC)