UK's Cranswick stock rises after RBC upgrades to 'outperform'
BUZZ-UK's Cranswick stock rises after RBC upgrades to 'outperform' ** Shares of British meat producer Cranswick CWK.L rise nearly 1.3% to 5,470p
** RBC Capital Markets upgrades stock rating to "outperform" from "sector perform" and says, "we are confident Cranswick's competitive advantages are durable and growing"
** Brokerage also raises PT to 6,100p from 5,500p, representing about a 13% upside to the stock's last close
** Brokerage says that integrating everything, from genetics to the retail shelf, gives co strong control over costs, quality, and traceability, which supports premium products and creates a business model that is very difficult to replicate
** Average rating of nine analysts is "buy"; with a median PT of 6,100p - data compiled by LSEG
** Up to last close, the stock had risen ~9% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))