Broker snap: JPM expects 'robust' KPIs from Carphone Warehouse
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JP Morgan has retained its 'overweight' rating on Carphone Warehouse, saying it expects 'robust' key performance indicators from the mobile phone retailer Tuesday.
The broker also raised its EPS estimates for Carphone Warehouse to 21.52p from 20.91p for the current year and to 26.65p from 25.62p for next year.
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Speaking about Tuesday's KPIs, JPM said: "Guidance is unlikely to be ambitious, although we don't see downside risk to consensus."
It trimmed its price target on the company to 420p from 434p.
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