UK's THG climbs after JP Morgan upgrades stock, raises PT

THG

23/09/2025 09:21

** Shares of e-commerce company THG THG.L up 7.7% at 39.5 p

** Stock is the top gainer on FTSE small-caps .FTSC index

** JP Morgan raises stock to 'neutral' from 'underweight' and raises PT to 43p from 24p

** Brokerage says seeing signs of improved performance following a period of extensive strategic evolvement

** Trading momentum is building, with an outlook for growth through year-end and into FY26 helped by improvements in both beauty and nutrition business models - JPM

** Including session moves, THG down ~13%, FTSE small-caps up ~6% YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))