J.P. Morgan upgrades UK's Diploma to 'overweight', shares rise
BUZZ-J.P. Morgan upgrades UK's Diploma to 'overweight', shares rise ** Shares of British distribution firm Diploma DPLM.L rise nearly 1% to 7,270 pence
** J.P. Morgan ups rating to "overweight" from "neutral"; raises PT to 8,250p from 5,760p
** Brokerage cites that Diploma is a quality company with a strong track record of growth, capable of sustaining double-digit EPS growth into the medium term
** J.P. Morgan expects growth to slow and margins to ease after a strong period, but says this is already reflected in management comments and analyst forecasts, making negative surprises unlikely
** Sixteen analysts rate stock "buy" on average; median PT is 8,400p - data compiled by LSEG
** Up to previous close, the stock had fallen 37% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))