Sit down with any of your investor friends and they will no doubt wax lyrical about how cheap UK stocks are and how many opportunities are still out there, despite the markets’ rally through winter and spring. Two stocks you should probably cross off that “opportunities” list are Marks & Spencer and Easyjet. Analysts at two banks toned down their views of the shares yesterday after their recent runs. SponsoredMorgan Stanley cut Marks & Spencer, the high-street stalwart, to “equal weight”. The analysts like a few things about the company: its latest results were “solid”; recent profit guidance from management was a bit better than the City had expected; and the company should do well as jabbed-up shoppers return to the high street.

Source: The Times June 01, 2021 23:01 UTC