UBS upgrades Michael Page to 'buy,' raises PT
BUZZ-UBS upgrades Michael Page to 'buy,' raises PT ** Shares of recruiter Michael Page PAGE.L up nearly 7% at 208.6p; top gainer on FTSE mid-cap index .FTMC which is up 0.13%
** Brokerage UBS upgrades PAGE to "buy" from "neutral", raises price target to 235p from 180p, a 20.5% upside to Thursday's close
** UBS says benefits from cost cuts at PAGE will become more visible and drive earnings growth, adding that recruiter's focus on "pockets" of growth in higher-value areas should also offset pressures
** "While we remain somewhat cautious on the pace of mid-term volume recovery, we do see a very high 'latent' profit potential of >£175m should this come through quickly" - UBS
** UBS expects PAGE to return to positive CER gross profit growth from Q3 2026
** 2 brokerages rate PAGE "buy", 6 "hold" and 1 "sell"; mean price target is 167.89 pence - data compiled by LSEG
** YTD, stock up 12.4% including session gains
(Reporting by Anushka Chourasia in Bengaluru)