B&M is trading 5% up at £203.20 after Deutsche Bank upgraded the stock from Sell to Hold, citing confidence in its Back to Basics strategy and an improved margin outlook.
- The bank raised its price target to 200 pence, reflecting a more positive view of the discount retailer's operational trajectory.
- Investors are responding to optimistic forecasts for gross margin and pretax profit, signaling a shift in sentiment despite prior earnings hurdles.