Next share price target increases after festive success, Deutsche Bank

Next PLC (LSE:NXT) has had its price target upgraded by Deutsche Bank following a stellar Christmas trading period as revealed on Thursday. Analysts at the German bank have kept the stock on its ‘hold’ rating but upgraded its share price target from 7,700p to 8,000p – just under a 5% decrease from the current 8,360p price. “Next has delivered its 5th profit upgrade for FY24e and topped this with an initial view of FY25e PBT that is c.1% ahead of consensus,” Deutsche Bank said. However, it remained cautious ...