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Broker snap: JD Wetherspoon
225.75p -26p Broker says SELL
CITIGROUP has issued a downbeat assessment of the UK pubs sector, cutting its ratings for JD Wetherspoon and Marston's while reducing the price targets for a host of other pub groups.
JD Wetherspoon's rating is cut to "sell" from "hold" and Marston's to "hold" from "buy", on the squeeze on consumer spending.
Citigroup has cut is price targets for Enterprise Inns, Greene King, Mitchells & Butlers and Punch Taverns.
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Thursday 24 May 2012
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