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UK: W&D rating raised

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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.

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.


Sectors: Beer & cider

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