RE: Target Price21 Sep 2023 13:49
Berenberg has reiterated its 'buy' rating on Dunelm after the homewares retailer's strong annual results this week, saying that its market outperformance should continue.
The broker raised its target price from 1,340p to 1,370p after the results, which showed a 5.5% rise in sales to £1.64bn while earnings per share fell 8.6% to 75p - considerably better than a lot of the wider sector.