MARKET REPORT: Cheering broker sends JD Sports on a good run as sportswear retailer's shares jump 4.3%



Shares in JD Sports sprinted ahead yesterday after analysts at Barclays reiterated their support for the stock.
The sportswear retailer is due to report its first-half results in less than two weeks.
Barclays said the stock had been 'a rollercoaster ride' so far this year, climbing 19 per cent between the end of March and May only to fall more than 30 per cent since then.
Investors are concerned about the effects of a weaker pound on the firm's margins and competition from Amazon's partnership with Nike.
But Barclays said the risks were 'exaggerated' and that the company looked well... read more

 
30 August 2017 in Business, Views: 55
Source: Daily Mail
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