UK's Computacenter hits record high after Peel Hunt raises price target
BUZZ-UK's Computacenter hits record high after Peel Hunt raises price target ** Shares of technology services provider Computacenter CCC.L rose as much as 4.7% to 5,460 pence, their highest level on record
** Stock is top gainer on London's FTSE 100.FTSE
** Peel hunt upgrades stock to "buy" from "add", raises prices target to 6,000p from 4,400p
** Brokerage increases its FY adjusted PBT forecast to £324 mln ($440.38 mln) from £324 mln, after H1 trading update showed it had underestimated extent of first-half earnings beat
** "Conviction is now for a materially higher spend in FY 27E for key customers, vs FY 26E"- brokerage
** Five of 12 analysts covering the stock have a "buy" , 3 have "hold" while 4 rated it "strong sell"; median PT is 5,250p- data compiled by LSEG
** CCC up about 78% YTD, as of last close
($1 = 0.7357 pounds)
(Reporting by Megha Kumari in Bengaluru)