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Helical upgraded by JP Morgan

06 July 2017 15:19

JP Morgan Cazenove has upgraded its recommendation on Helical (LON:HLCL) to overweight (from neutral) after highlighting the property investment and development company as a structural play for investors.

"We believe Helical has assembled a development/letting book with exposure to structural drivers perhaps sufficient enough to ward off the worst of the cyclical downturn underway/forecast in London offices," analyst Tim Leckie commented.

Price target raised to 375p per share (from 340p).

At 3:19pm: (LON:HLCL) Helical Bar PLC share price was -4.62p at 286.63p

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