Trading opportunity
Regular readers will be aware that we tipped shares in this leading sports retailer at 114.35p in January. Since then the shares have been as high as 135p but a broker downgrade (from Barclays) is one reason that the shares have fallen back to the original recommendation price. A slowdown in sales at Nike has also had a negative impact on the shares. However, with interest rates set to fall going forward, which will help to restore consumer confidence, we believe these fears have been overdone. The share price was 130p at the beginning of last week . . .
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