MARKET TALK: Goldman Upgrades JD Wetherspoon To Neutral

14th Jul 2010 07:38

0638 GMT [Dow Jones] Goldman Sachs upgrades JD Wetherspoon (JDW.LN) to neutral from sell, saying the risk-reward is now more balanced. Notes the share price has traded down and is now in line with the brokerage's 6-month price target of 410p. "We believe JD Wetherspoon's value price points and planned estate growth leave it well positioned in a subsector in which we expect limited growth over the next year." However, continues to see greater potential upside elsewhere in its transport, travel and leisure coverage. Shares closed Tuesday at 438p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 14, 2010 02:38 ET (06:38 GMT)