Deutsche Bank has upgraded Kingfisher PLC (LSE:KGF), the FTSE 100 owner of B&Q and Screwfix, to 'hold' from 'sell', and raised its price target to 300p from 260p. The move reverses a sell call made in December 2025, which had rested on UK cost pressures and a weaker economic backdrop.
Kingfisher PLC (LSE:KGF), B&M European Value Retail SA (LSE:BME) and Next PLC (LSE:NXT) were named as RBC Capital Markets' preferred UK retail plays as the broker predicted that the housing market would "hold up rather than surge". RBC said subdued housing activity and fragile consumer confidence would continue to weigh on home-related spending.
Currys PLC (LSE:CURY), Tesco PLC (LSE:TSCO) and Kingfisher PLC (LSE:KGF) were among the retailers tipped to benefit from signs that UK consumer spending strengthened in June, while Primark owner Associated British Foods PLC (LSE:ABF) could be one of the main loser as shoppers increasingly bought online. Analysts at Citi said industry data from the British Retail Consortium and Barclaycard point...
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