Carphone Warehouse Share Price (CPW)

Blackrock have knocked out a few.___ http://www.investegate.co.uk/carphone-warehouse--cpw-/rns/holding-s--in-company/201304021003133027B/

Carphone Warehouse: Morgan Stanley downgrades from equal-weight to underweight.

Carphone Warehouse Group: Morgan Stanley raises target price from 125p to 155p but downgrades from equal-weight to underweight.

Carphone Warehouse Group: Citigroup raises target price from 225p to 260p still recommending to buy.

Analysts expect Europe’s biggest independent mobile retailer, Carphone Warehouse, to have had a good Christmas. They will know for sure on Thursday, when it unveils third-quarter trading, which includes the crucial holiday period. The City expects the firm to report a 4% increase in like-for-like sales, with one of the principal reasons for that being its big push into tablets. Betting on a whizzy new gadget isn’t rocket science, but nor is it a given. After all, online music didn’t exactly sneak up on HMV — the first music-sharing website, Napster, was launched in 1999. But the company never came up with a strategy to deal with the stampede online. Carphone is not without risks. UBS rates its stock a “buy”, but its Friday closing price of 217p is already beyond the 210p target set by the investment bank. The shares have surged by a third in the past three months, benefiting from the run-up to Christmas and the ebullience of rivals such as Dixons, which has seen personal electronics flying off the shelves. The stock may have got a bit ahead of the news. Also, the question mark over Carphone’s ill-fated joint venture with the American retailing giant Best Buy remains unresolved, writes The Sunday Times’s Danny Fortson.

Carphone Warehouse: Deutsche Bank raises target price from 200p to 225p and reiterates its buy recommendation.