Wolverhampton & Dudley Breweries has seen its rating lifted. Brokerage Altium Capital yesterday upped the brewer and pub owner from “hold” to “add”, citing an improved outlook for the company.
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W&D yesterday posted a slight drop in full-year profits, but said that the first eight weeks of the new financial year had seen higher pub sales.
Altium has raised the price target to 800 pence from 750p.
