MARSTON'S

P 43.36 24 Jan 46 44 42 40 38 19 Jan 23 Jan 18 Jan 20 Jan 24 Jan

Despite predicting a shaky year for the wider advertising field, analysts at Peel Hunt are staying positive on M&C Saatchi with a suggestion of 'buy (from hold)'. They do shave off predicted revenues by three per cent, to account for flat growth in advertising and CRM stemming from competition, but strong growth in specialism areas is a shiny silver lining. Peel Hunt gave the stock a target price of 247p.

M&C SAATCHI

P 168 175 170 165 160 24 Jan 155 19 Jan 23 Jan 18 Jan 20 Jan 24 Jan

Marston's gets a 'buy' from Peel Hunt, with sales rising 4.5 per cent compared to the start of 2020 (pre-pandemic), all despite the wider pub sector experiencing zero growth. Factor in the warming weather, falling wholesale energy prices and slowing inflation, and Marston's is well placed to lead the charge of the sector's recovery. Peel Hunt gave the stock a target price of 75p.

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