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Stagecoach upgraded by Liberum

19 September 2017 15:49

Liberum Capital has upgraded its recommendation on transport company Stagecoach (LON:SGC) to hold (from sell) stating that, while risks remain, these are now priced in.

"Despite our concerns about earnings momentum, industry headwinds and bus re-regulation, we believe these risks are now better reflected in the current share price," the broker commented.

Its target price of 155 pence per share has been left unchanged.

At 3:49pm: (LON:SGC) Stagecoach Group PLC share price was +7p at 166.2p

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