Building materials group lifted by upgrade from Citigroup
Leading shares have lost early gains as the mining sector – spooked by worries about China’s economy – weigh on the UK market.
But building materials supplier Wolseley is bucking the trend, up 55p or 1.3% at £42.62 as Citigroup raised its recommendation from neutral to buy and lifted its target price from £41 to £47.25. The bank said Wolseley was well placed for the medium term given a positive outlook for the US economy despite the prospect of the Federal Reserve raising interest rates this year. It said:
Source: The Guardian Circular Economy RSS