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Jimmy Choo upgraded by Liberum

15 June 2016 14:42

Liberum Capital has upgraded its recommendation on couture shoe and handbag designer Jimmy Choo (LON:CHOO) to buy from hold, saying that today's first-quarter update suggests the brand is showing resilience in a difficult market.

The broker pointed out that the shares are down 30 per cent since the beginning of the year and have fallen 20 per cent in the past 2 weeks, which it says suggests a crisis but added that, while others may be suffering, Choo is not and sees the shares as being oversold.

Analysts have left their forecasts and 135 pence a share target unchanged.

At 2:42pm: (LON:CHOO) Jimmy Choo Plc share price was +14.1p at 110.05p

Story provided by StockMarketWire.com

Related Company: CHOO

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