Greggs jumps 5% as JPM initiates at "overweight" on strong unit economics
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Investing.com -- J.P. Morgan on Friday initiated coverage of UK food-to-go chain Greggs (LON:GRG) with an “overweight” rating and a 2,110p December 2027 price target, implying about 35% upside from the stock’s 1,590p close on Dec. 4, citing a valuation that has fallen to trough levels despite what it describes as sector-leading operating metrics and clear catalysts for recovery, sending shares up over 5%.
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Investing.com -- J.P. Morgan on Friday initiated coverage of UK food-to-go chain Greggs (LON:GRG) with an “overweight” rating and a 2,110p December 2027 price target, implying about 35% upside from the stock’s 1,590p close on Dec. 4, citing a valuation that has fallen to trough levels despite what it describes as sector-leading operating metrics and clear catalysts for recovery, sending shares up over 5%.